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Zamfara Gov, Matawalle Set to Dump PDP-Investigation

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By Gowon Emakpe, Abuja 

Barely one year as Governor on the platform of Peoples Democratic Party (PDP), Zamfara State Governor, Alhaji Bello Matawalle, may have concluded plans to defect to the ruling All Progressives Congress (APC), investigation conducted by DAILY ASSET has revealed.

Matawalle was returned winner in the 2019 governorship polls and sworn-in after the Supreme Court voided the victory of the APC on the ground that the party did not conduct a valid primary to nominate its governorship candidate.

Aware of the support he received from from  some APC stalwarts in the state in the courtroom battles that culminated to his victory, Matawalle on assumption of office opted to form an “all inclusive government.

Under the power sharing arrangement, the governor allegedly allotted five cabinet positions and other strategic offices to Senator Kabir Marafa and a former Governor of the state, Senator Sani Yerima, both of who are chieftains of the APC.

The Governor appointed 19 Commissioners and 28 Special Advisers out of which about 50 per cent were member of the APC.

One of the Commissioners appointed from the APC is Alhaji Abubakar Abdullahi Tsafe, the state’s Commissioner for Rural Development and Cooperatives.

The other Commissioners include Sulaiman Tunau, Aminu Sulaiman, Abdulkadir Gora, Jinaidu Muhammad, Muhammad Maiturare, Zainab Gummi, Jamilu Aliyu, Nura Isah and Rabiu Garba.

Others included Sufyanu Yuguda, Ibrahim Magayaki, Yahaya Gora, Yahaya Kanoma, Tukur Jangebe, Ibrahim Mayana, Abubakar Tsafe, Nura Zarumi, Bilyaminu Shinkafi and Abubakar Muhammad.

The two APC Chieftains (Marafa and Yerima) were among the party leaders, who stoutly opposed the plan of Matawalle’s predecessor, Alhaji Abdulaziz Yari to field his preferred choice as the governorship candidate of the APC.

It was learnt that since assumption of office, both Marafa and Yerima have piled pressure on Matawalle to join them in APC so as to guarantee their support for his re-election bid in 2023.

Besides, Yerima, who is said to be preparing grounds to run for the presidency is said to be working towards having the Governor in the APC to consolidate his local support base ahead of the forth coming presidential race.

As a prelude to his imminent defection, Matawalle recently wooed 10 Local Government Council Chairmen elected on the platform of APC to defect to Peoples Democratic Party(PDP). The Council Chairmen were loyalists of immediate past governor, Yari.

DAILY ASSET had reported exclusively that the governor splashed nearly N1billion on the Council Chairmen as logistics to plan their defection rallies together with their Deputies, Councillors, Supervisors and other supporters.

 Each of the Council Chairmen allegedly got about N35million equivalent in US Dollars and a Toyota Prado vehicle out of the money, while Deputy Chairmen and Councillors also got various sums of money as logistics to brief their supporters and mobilise them towards defection.

A source close to the happenings disclosed that all the new members would eventually follow Matawalle to defect to the APC at the right time, to publicly demonstrate that they were loyal to the Governor.

 The source said all arrangements had been concluded for the defection to hold before May 29, the first anniversary of the Governor in office, but for the leadership crisis currently rocking the APC at the national level.

The source hinted that a date would be fixed for the grand defection ceremony in Gusau, the state capital as soon as the leadership crisis in the National secretariat was resolved.

“I can confirm to you that the Governor will soon dump the PDP. This is politics. And he has his freedom to decide his future,” the source, who preferred to be anonymous told DAILY ASSET.

Already, the Governor’s imminent political move has become a subject of open discussion in the state’s political circles.

Recently, one of his Commissioners, Alhaji Abubakar Abdullahi Tsafe, openly called on the governor to leave the PDP. Tsafe who addressed a gathering of APC faithful in Tsafe Local Government Area, argued that governor Mattawalle stood better opportunity to consolidate on his achievements in the state, if he joined the APC.

Similarly, Senator Yerima was recently quoted to have said that it was a matter of time before the governor left the PDP.

“We are working and we are talking. Every politician tries to get more people to their party especially governors. If I can have governors with me, the party will be better off. I think we have gone very far with the process of his decamping. He will decamp very soon,” Yerima was quoted in the social media to have said.

…Supreme Court Reserves Review Judgment Indefinitely 

Meanwhile, the Supreme Court has reserved judgment in the request by the All Progressives Congress (APC) for the review and setting aside of the consequential order of the court that made the Peoples Democratic Party (PDP) beneficiary of all elective positions in the 2019 general election in Zamfara State.

A five man panel of the court headed by the Chief Justice of Nigeria, (CJN), Justice Ibrahim Muhammad Tanko, announced that the decision of the apex court in the matter had been reserved to a date that would be communicated to parties shortly after lawyers representing parties in the matter adopted their brief of arguments.

Arguing the application for setting aside of the consequential order that barred its clients from the 2019 general election Chief Robert Clarke SAN, informed the panel that the order was made out of jurisdiction by Supreme Court.

According to him the APC, which brought the application challenging the consequential order was not against the main judgment because the party did not conduct primary election for nomination of candidates for the 2019 general election.

He admitted bringing the application for the second time insisted that what the Supreme Court ought to have done was to order f a primary election and election for all elective positions in the state.

Stressing that the consequential order, which made the PDP candidates winners of all elective offices was in bad taste and ought to be reversed.

Clarke further submitted that it was wrong of the apex court to have declared over 400, 000 votes cast for APC as wasted simply because APC at the time did not conduct primary election known to law because of its internal dispute.

Specifically, he urged the court to invoke its inherent jurisdiction to set aside the consequential order that brought PDP’s candidates to power in Zamfara State and instead should order APC to conduct a primary election and to also order the Independent National Electoral Commission (INEC) to conduct new election into all elective offices in Zamfara State.

However, Senator Kabiru Garba Marafa, who is the first respondent in the matter, urged the apex court to dismiss the request of the APC for want of jurisdiction and merit.

Marafa through his lawyer, Chief Mike Ozekhome SAN, informed the panel that the APC’s application was caught by section 285 of the 1999 Constitution which prescribed 60 days for hearing and determination starting from the date the notice of appeal was filed.

Ozekhome argued that the apex court gave final judgment in the Zamfara governorship tussle over 10 months ago, adding that bringing such application for the second time was a gross abuse of the process of the apex court.

The senior lawyer urged the court to dismiss the application with huge punitive fine to keep the party away from further abuse of court process.

Ozekhome cited the decision of the court in the Bayelsa and Imo States governorship tussles adding that the apex court has made it clear that its judgment on any issue is final for all times, ages and that no force on earth can change the decision except a law made to that effect.

The CJN after taken submissions from counsel, said ruling has been reserved to a date to be communicated to parties 

.

In the fresh application  by a faction of the APC led by a former governor of the state , Aldulaziz Yari. 

The Applicants argued that the order of Court granted in favour of the PDP and its candidates, was extraneous to issues that aggrieved members of the APC brought before it for adjudication.

Counsel to the Applicants, Clarke, SAN, said his clients are challenging the verdict of the apex court on the basis of its consequential orders that handed victory to candidates of the Peoples Democratic Party, PDP, in the state, which he said rendered the entire judgement a nullity.

However, Ozekhome, SAN, who appeared for the Senator Kabiru Marafa-led faction of the APC in Zamfara state, told the apex court that he filed a preliminary objection to challenge the competence of the fresh application.

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Federation Account Garners N7trn Revenue in Six Months – RMAFC

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By Tony Obiechina, Abuja

Revenue Mobilization Allocation and Fiscal Commission (RMAFC) yesterday disclosed that a total sum of N7.31 trillion accrued to the Federation Account between July and Dec. 2023.This was captured in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN) under the caption “CBN Federation Account Component Statement”.

This amount is higher than the sum of N5.
244 trillion realised in the first half of year 2023, according to a statement signed by the RMAFC Chairman, Mr. Mohammed Bello Shehu and made available to the media in Abuja.The chairman disclosed that out of the total gross revenue inflows into the Federation Account, the sum of N1,692 trillion was transferred to the Exchange Gain Differential Account, thus leaving a balance of N5.
475 billion for distribution.He added that from the amount stated above, the sum of N3.26 trillion was deducted as approved statutory deductions by the OAGF, leaving a net balance of N2.2 trillion for distribution to the three tiers of government within the period under review.The chairman explained that out of the N3.267 trillion statutory deduction indicated above, N2.251 trillion was transferred to the Non-Oil Excess Account as savings, thus leaving a net statutory deduction of N1.016 trillion with further augmentations for sharing among the three tiers of government received from some “reserve accounts.”The statement added that within the period under review, the net sum of N4 trillion was shared with the three tiers of government, an amount higher than the total sum of N3.06 trillion.In terms of percentages, the chairman stressed that “the statutory deduction in the second half of the year constituted 44.12 percent of the total gross inflow into the Federation Account in the six-month period, which was higher than the first half deductions of 42.31 percent (inclusive of transfer to the Non-Oil Excess Account).”On remittances by Revenue Generating Agencies (RGAs), the RMAFC chairman disclosed that out of the total gross revenue inflows into the Federation Account, the Nigerian National Petroleum Company Limited (NNPCL) remitted N874 64 billion in the second half of the year as against the zero-remittance made in the first half of the year.Similarly, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted the sum of N1.56 trillion while the Federal Inland Revenue Service (FIRS) remitted N3.65 trillion

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PDP NEC Meeting Ends with Damagum as Acting Chairman

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By Johnson Eyiangho, Abuja

Peoples Democratic Party (PDP) 98th National Executive Committee (NEC) meeting yesterday ended without a word on the much talked-about replacement of the party’s Acting National Chairman, Amb. Iliya Damagum, an indication that he will continue to function in that position.

In an interview with newsmen after the meeting, the PDP spokesman, Hon.
Debo Ologunagba said for now, the party is focusing on issues of reconciliation and its stability, adding that the issue of the Acting National Chairmanship had been “deferred to the next NEC meeting, which is tentatively scheduled for August 15, 2024″.
Also speaking, the Governor of Bauchi State and Chairman of the PDP Governors’ Forum, Bala Mohammed said the party is united as there was no dissension and rancour.
In his words, “It was planned that the party would have an implosion. PDP is more than that. We have gone beyond all that. This party is united, guided by experience and constitutionality.”There were a lot of permutations and mischievous thinking outside there. But we looked at all the issues and we worked along our guidelines and constitution.“There is no problem or dissension and problem among members,” Mohammed said.The well attended NEC meeting was held amid tight security as police and personnel of the Department of State Services (DSS) condoned off roads leading to the PDP Secretariat, Abuja and diverted vehicular traffic.It will be recalled that the PDP National Working Committee (NWC) had passed a vote of confidence on Damagum during its meeting on Tuesday.A communique issued at the end of the three hours meeting commended all the organs of the party for their collective resilience, steadfastness and commitment towards the unity, stability and sustenance the party despite daunting challenges.The communique commended the efforts of the NWC in its effort towards rebranding the party and urged all party members to continue to work together for the success of the PDP for the benefit of Nigerians and sustenance of democracy in our country.

The document which was read by the PDP National Publicity Secretary, Ologunagba, however, expressed concern over what it described as the ill-implemented policies of the APC administration, leading to worsening insecurity, harrowing economic hardship, soaring unemployment rate, high cost of food and other necessities of life with pervading misery and despondency across the country.”NEC expresses serious apprehension over the spate of acts of terrorism and violence including the escalated cases of mindless killings, mass abduction of innocent Nigerians and marauding of communities in various parts of the country.”NEC condemns the insensitivity, nonchalance, incompetence and arrogance in failure of the APC administration which continues to conduct itself in a manner that shows that it has no iota of interest or commitment towards the wellbeing of Nigerians.”NEC also condemns the creeping totalitarianism and tendencies towards a One-Party State which is inimical to the peace, stability and corporate existence of our nation as well as the development of Democracy and good governance in the country,” it said.The communique demanded that President Bola Tinubu should urgently convene a special National Security Council meeting to proffer a holistic solution and measures to curb the disturbing insecurity with its attendant negative consequences on the nation.It also called on the president to “immediately rejig his Economic Team to bring in persons of proven integrity and competence without bias and vested interest to assist in repositioning the economy.”NEC further demands that the Federal Government should review all policies and programmes which are stifling the economy with suffocating effect on the lives of citizens; including the increase in price of fuel without cushioning measures, hike in electricity tariff, increased taxation and implementation of adverse fiscal policies,” the communique added.Present at the meeting were FCT Minister Nyesom Wike, former Vice President Atiku Abubakar and many other past and presently elected members of the PDP.

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CBN Reduces Banks’ Lending Rate to 50 Percent

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By Tony Obiechina, Abuja

Central Bank of Nigeria (CBN) yesterday announced a review of the loan-to-deposit ratio (LDR) for banks from 65 percent to 50 percent to align with the current monetary tightening.

LDR is used to assess a bank’s liquidity by comparing its total loans to its total deposits.

An increase in the loan-to-deposit ratio allows banks to expand their credits to businesses and individuals, however, a decline in LDR reduces their ability to loan customers from depositors’ funds.

CBN disclosed the increase in a circular titled “Re: Regulatory Measures to Improve Lending to the Sector of the Nigerian Economy”, signed by Adetona Adedeji, CBN Acting Director, Banking Supervision Department.

“Following a shift in the b  ank’s policy stance towards a more contractionary approach, it is imperative to review the loan-to-deposit ratio (LDR) policy to align with the current monetary tightening by the CBN,” the apex bank said.

“Accordingly, the CBN has decided to reduce the LDR by 15 percentage points to 50%, in a similar proportion to the increase in the CRR rate for banks.

“All DMBs are required to maintain this level and are further advised that average daily figures shall continue to be applied to assess compliance.”At the last monetary policy committee (MPC) meeting on March 26, the CBN retained the CRR at 45 percent and the liquidity rate at 30 percent.

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