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Jerry Gana In N500m Loan Mess

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  • He Is Fighting Sheriff To Cover Up – Bwala
  • I Used The Money For The Good Of PDP – Gana

A N500 million facility obtained from Skye Bank Plc, under the pretence of using it as seed money for the purpose of raising funds for the Peoples Democratic Party, PDP, by former
Information Minister and PDP stalwart, Professor Jerry Gana is now causing ripples
as Gana fights hard to extricate himself from blames in a suit before the courts.
Available records with nationalTRAIL reveal that, in order to fund the activities towards the fund raising dinner of 20th December, 2014, the former Information minister sought and obtained the facility, with the promise of paying back with the proceeds generated from the fund raising dinner immediately, but without recourse to the procedures approved for seeking such facilities by the bank. The bank went ahead to seize funds belonging to the party after Gana defaulted..
Although Professor Gana has denied the allegation contained in the statement of claims, he admitted to certain paragraphs in the statement of claim to the effect that he acted for and on behalf of PDP which was the host of the fund raising and that the committee he headed had authorized the overdraft facility.
While attempting to explain his role in the controversial N500 million bank loan which he joined others to obtain in the name of the Peoples Democratic Party (PDP) in early 2015, the former Minister of Information, Prof. Jerry Gana failed to respond to claims made by the bank that he last withdrawal from the overdraft account was approved vide a letter from him on the letter head of the PDP on 23rd December, 2014.
The PDP had denied ever authorizing Gana and even accused him of unilaterally collecting the facility on behalf of the party without approval, and threatening to drag the professor before the Economic and Financial Crimes Commission (EFCC) for questioning. Gana, responding to questions said it was the leadership of the party at the time that mandated him to source for funds to enable the party organise fund raising dinner and other activities for Dr. Goodluck Jonathan’s presidential campaign.
Paragraph 24 of the Plaintiff statement of claim reads “ The plaintiff’s managing director was therefore surprise and embarrassed when he was accosted by about 5 staff of the 6th defendant on November 16th, 2014 and was served a demand letter, dated same day, mandating the plaintiff to liquidate the sum of N497,242,020.00 being the outstanding debit on the N500,000,000.00 overdraft facility account within 7 days.” This was believed to be the issue that has been causing disaffection between the Jerry Gana group and the Sheriff elements within the party.
In his statement denying the allegations, he said, “As chairman of the fund raising committee, I was mandated by the party leadership to raise funds and I had the party’s National Financial Secretary and others as members.
Gana claimed in his defence that, the then National Working Committee was briefed on his plans to source the facility with the name of the PDP and he was given the go ahead to obtain the loan on behalf of the party, with the agreement to pay back from the money expected to be realised from the fund raising.
“But after losing the election, leading to the resignation of the former chairman, Dr. Adamu Mu’azu, the party leadership under Mr Uche Secondus refused to pay back the money as earlier agreed, stressing that, the issue of repayment was what led to the crisis and the bank has already taken the matter to court. The money was used by the committee for what it was meant for and account was dully rendered.
However, paragraph 19 of the 2nd defendant statement (Prof. Jerry Gana) stated, “ That the 2nd defendant in his capacity as the Chairman of the 1st defendant’s fund raising committee acted on behalf of the 1st defendant at all material times with respect to the transaction leading to the obtaining of the N500,000,000 (five hundred million Naira) facility which is the subject matter of this suit.”
Sheriff’s Media Adviser told reporters at the party secretariat earlier that, Jerry Gana was opposing the national Chairman of the party to cover up his ignoble roles in the squander of the fortunes of the party, challenging Jerry Gana to publicly defend the N500 million mess. He also said that the group led by the former minister was coming up with different gimmicks to divert attention from the effects of what they did in the past leading to the squandering of the fortunes of the party.
“Unfortunately, among such groups are self-styled elders and stakeholders led by Professor Jerry Gana. I have seen him sweating on television, playing with language but at the end of the day saying nothing.
“I want to specifically say we kept sealed lips about some of the activities of this man believing that we could still find a rendezvous at which we could work together for the progress of the PDP. I must say, and there are witnesses that this is one character that attempts to play a role in every government since the time of the military,
“We know the very ignoble roles that he played that led to the PDP being defeated in the last election. These were the same characters that deceived President Jonathan into failure. Unfortunately most of them still go round to ask the chairman of one favour or the other and when the chairman declines they take offence against him.
“I know as a fact that Prof. Jery Gana has written to the national chairman to allow him nominate some people into certain committees or allow them perform certain functions for the party. Whether these requests were granted or not is immaterial. But that is perhaps one of the reasons that he has taken the position against anything this man does. This is the same man that recognized the national chairman, writing to him on the need to submit the report on the finance committee which he headed.
“The chairman has been running away from receiving that report because it is on record that the same Jerry Gana on behalf of the party without using the machinery of the party collected the sum of N500million loan from Skye bank on behalf of the PDP for which the PDP has been dragged to court and is being compelled to pay back.
“Leaders of thought in this party including some elders have prevailed on the chairman not to make this matter known and to save this man from public embarrassment. But as it is the chairman may be left with no option than to drag Jerry Gana before the EFCC to explain his role in obtaining N500 million facility on behalf of the party and let him also explain what he has done with the money”, Mr. Inuwa said.
In apparent display of leadership the National Chairman later apologized to Gana over the exposition by Governor Nyeson Wike and Inuwa Bwala, to the effect that while he takes responsibility for what may have transpired, it was done without his authorization.
He personally visited the former minister in his house to apologize to him, only for Jerry Gana to return to the trenches, opposing Sheriff’s leadership.

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2027: THE MANY WARS IN PARTIES

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☆ ADC, PDP, NDC, LP Tacle APC Amidst Internal Wranglings.
☆ Party primaries trigger godfather vs godson clashes.
By: Our Special Correspondent.

Election periods always make Nigeria a political melting pot. Tensions, intrigues, violence, manipulations and grandstanding have been the order.
2027 may not be an exception, as already, the polity is heating up and political players are up in arms.
Between political parties, battle lines are being drawn.
It is no longer news that, President Bola Ahmed Tinubu of the APC, former Vice President Atiku Abubakar of the ADC and former Anambra state governor, Peter Obi of the NDC have secured the presidential tickets for their various political parties, ahead of the 2027 elections.
While Nigerians await the outcome of the presidential primaries for the other parties, it is apparent that the leading dramatis personae of the 2023 presidential election debacle, are set to square it out again in 2027.
But, while most, if not all the opposition political parties are emershed in multi-dimenssional crisis, the stage seems set for dirtier political schemings, in the quest to wrestle power from the ruling APC.
With the apparent collapse of the much talked about coalition, frontline candidates may again go into the election as a divided house, as the parties are further polarized by the attendant crisis arising from the just concluded primaries.
The ruling APC, also faced with similar crisis following the primaries. The primaries of all the parties seem to have sparked internal wranglings
across Edo, Delta, Lagos, Oyo, Kano, Rivers and other states. In most states, the primaries for governorship, Senate and House of Representatives seats have triggered deepening crises between governors, former governors, senators and entrenched party blocs.
While one may regard such disagrerments as normal and could be resolved before the main election, the disagreement between President Tinubu and the opposition may linger.

The President is fighting hard to ward of attacks over his failed promises which were made in 2023, as campaign issues.
Similarlly, the issue of insecurity, fuel subsidy, pol8cy summersault, and general cost of living have been brought to the front burner, in political discourse.
Tinubu told Nigerians on Friday that subsidy removal and forex reforms have revived investor confidence, lifted market cap to 250,000 points, and drawn new oil and gas investment. He also said security operations have “intensified” against bandits, separatists and insurgents.
But critics insist that Tinubu’s camp is working to cripple opposition parties reminescent of the Abacha-era dark days.
In apparent move to realign forces and reshape 2027, NDC’s Peter Obi has announced Rabiu Musa Kwankwaso as his running mate.
Obi told a gathering brfore naming Kwankwaso as his running mate, that, the Vice President office under him, will be “an active partner, not ceremonial”. The NDC held a special convention Saturday to affirm Obi as flagbearer where he promised 10,000MW electricity generation. Labour Party has also presented Dr. Chibuzo Okereke as its presidential candidate, a lowly rated personality.
At the sub-national level, political players are pulling the strings from different end. Most governors are being accused of imposing their cronies as governorship, senate, House of Representatives and House of Assembly candidates.
The national leadership of the APC has been struggling hard to adress the widespread crisis occassioned by the primaries. The APC, in Lagos amidst the internal wars, has picked Princess Damilola Sonayon-James as running mate to Lagos governorship candidate Dr. Obafemi Hamzat. Both are seen as stooges of the governor and by extenssion the President.
In Rivers, FCT Minister Nyesom Wike has vowed that, the APC “Rainbow Coalition” will agree on one governorship candidate and that ADC’s Atiku won’t get 10% of Rivers votes. Though the candidate has not yet been named.
Wike also declared “Rivers has no option but to back Tinubu”.
In several states, there have been massive decampments from the APC in particular, because of unfavourable outcomes of the primaries.
All these point to a turbulent outing for the APC, even as the ruling party.
As for the opposition parties, they all have been emasculated, and may not be able to pose much threat to the ruling APC.
While the political wranglings were going on the most serious threat to the APC remains the rising concern over insecurity. The issue seem to have ignited anger across the country, with Federal Workers Forum threatening an indefinite nationwide strike over rising insecurity and unresolved wages. SERAP, has meanwhile urged the UN Secretary-General to invoke Article 99 over Nigeria’s “escalating insecurity—mass abductions, killings, displacements”.

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“Nigeria Is in a Hurry to Celebrate Victory Over Enemies of the State,” Says Tinubu as He Decorates New Service Chiefs

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By: Fabian Apechihin

President Bola Ahmed Tinubu has urged the newly appointed service chiefs to discharge their duties with utmost dedication and renewed commitment, declaring that “Nigeria is in a hurry to celebrate victory over enemies of the state.”

The President made this statement on Thursday during the decoration ceremony of the new service chiefs with their ranks at the Aso Rock Presidential Villa in Abuja.

Those decorated were General Olufemi Oluyede as Chief of Defence Staff, Lieutenant-General Wahidi Shaibu as Chief of Army Staff, Air Marshal Kennedy Aneke as Chief of Air Staff, and Vice Admiral Idi Abbas as Chief of Naval Staff.

The ceremony was attended by Vice President Kashim Shettima and the spouses of the newly promoted officers, who joined the President in performing the decorations.

In his address, Tinubu underscored the central role of security in fostering national development and reaffirmed his administration’s commitment to protecting the lives and property of all Nigerians.

“Security is an essential element without which everything else becomes meaningless,” the President stated. “There can be no sustainable development if this fundamental need is not met. Our people and our nation must remain secure to enjoy the dividends of governance.”

The elevation and decoration of the new military chiefs followed their confirmation by the National Assembly on Wednesday, after a closed-door screening session with lawmakers.

It will be recalled that, in a recent overhaul of the nation’s military hierarchy, President Tinubu appointed:

  • Lieutenant General Olufemi Olatubosun Oluyede as Chief of Defence Staff,
  • Major General Waidi Shaibu as Chief of Army Staff,
  • Rear Admiral Idi Abbas as Chief of Naval Staff,
  • Air Vice Marshal Sunday Aneke as Chief of Air Staff, and
  • Major General Emmanuel Undiandeye retained as Chief of Defence Intelligence.

The new appointments mark a strategic restructuring of Nigeria’s security leadership aimed at strengthening the fight against insurgency, banditry, and other threats to national stability.

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FG Dismisses Coup Rumour, Reaffirms Confidence in Nigerian Military

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By: Fabian Apechihin

The Federal Government has dismissed widespread rumours of an alleged military coup plot against President Bola Tinubu, declaring its full confidence in the loyalty and professionalism of the Nigerian Armed Forces.

Minister of Information and National Orientation, Mohammed Idris, made this known in an interview with The Punch on Sunday, insisting that the administration has “no reason whatsoever” to doubt the assurances given by the Defence Headquarters, which had earlier denied reports linking the detention of 16 military officers to a coup attempt.

“The Federal Government has no reason to doubt the military on what it has said,” Idris stated.
“We believe the Armed Forces of Nigeria remain committed to protecting the nation’s territorial integrity and strengthening the fight against insecurity. The government commends their sacrifice and will continue to support them in safeguarding the country.”

The minister’s remarks came a day after the Director of Defence Information, Brigadier General Tukur Gusau, firmly debunked a report by Sahara Reporters alleging that the detention of 16 officers was connected to a failed coup plot and the cancellation of the 65th Independence Day parade.

Gusau described the publication as “false, mischievous, and deliberately aimed at creating unnecessary tension and public distrust.”

He clarified that the cancellation of the October 1 Independence Day parade was a purely administrative decision — taken to allow President Tinubu attend a key bilateral meeting abroad and to enable military units sustain ongoing counterinsurgency operations nationwide.

On the issue of the detained officers, Gusau said their case was “an internal disciplinary process” and not related to any political matter.

“The investigation involving the 16 officers is routine, aimed at upholding discipline and professionalism within the ranks,” he explained. “An investigative panel has been constituted, and its findings will be made public in due course.”

Reaffirming the military’s constitutional role and unwavering commitment to civilian rule, Gusau stressed emphatically:

“Democracy is forever.”

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