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APC rejects N100bn bond sought by Adamawa Govt
The opposition All Progressives Congress (APC) in Adamawa has rejected the State Government’s planned N100 billion bond.Our correspondent recalls that the state House of Assembly at an emergency plenary on May 10, approved the executive arm’s request to collect the N100 billion bond.Reacting to the approval, the APC in a statement on Thursday in Yola by its state Caretaker Publicity Secretary, Mr Mohammed Abdullahi, accused the state government of allegedly mortgaging the future of the state.“As the most viable and visible opposition party in the state, we are worried and disturbed for the request and approval of N100 billion Agric business bond by the state government.“The people of Adamawa should understand that the present and future of the state has been ambushed by this act of the executive and legislative arms in the state.“Apart from the N100 billion bond that had been approved, there are still numerous other loans collected by the same PDP-led administration of Gov. Ahmadu Fintiri in 2019 and 2020,” Abdullahi said.He alleged that from May 2020 to date, the PDP-led administration in the state had collected loans of about N43 billion, which he alleged could not be properly accounted for.“As an opposition, we are taking it as duty to protect the common interest of people of Adamawa.“We are calling our National Assembly Members, Central BankBut , Debt Management Office and the EFFC to come to the rescue of the state by investigating the matter,” Abdullahi said.But Alhaji Adamu Atiku, the state’s Commissioner for Works, said the opposition always found some negative side to criticise.Atiku, who was fielding questions about the controversial bond, said the N100 billion bond that was recently approved by the state legislature was specifically for agro business.“You know, opposition always oppose and find some negative side to criticise.“The facility is to be utilised over four years; that means every year, the state government required N25 billion for the business,” he explained.The commissioner said that livestock alone contributed almost 50 per cent of the state total gross domestic product.According to him, there is huge economic potentials in livestock sector and government will take maximum advantage of that.“Lagos for example is annually generating N100 billion from slaughtering cattle and almost the cattle are from here (Adamawa).“So we have decided to have great portion from that market by investing heavily and transforming the agricultural sector in the state.“So, the N100 billion will be used judiciously to help realise these potentials,” Atiku said.
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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I am writing to felicitate with Your Excellency, Atku Abubakar, GCON, former Vice-President of Nigeria (Zege Mule u Tiv & Wazirin Adamawa)
on the occasion of your 79th birthday anniversary.
I join your teeming admirers globally in celebrating you on this special day, an adorable Statesman and my Boss.
I recall with nostalgia, how countless generations have benefited from your generosity, wealth of experience and benevolence including being my key benefactor even as a young lawyer for my professional success.
Your Excellency, may your special day be filled with grandeur befitting your illustrious career.
I wish you continued success, prosperity, and an unending stream of accolades.
It takes a remarkable kind of fortitude to remain active in public life well into one’s golden years. Your dedication and patriotism remain truly exceptional.
May you enjoy a day of reflection on your many years of fruitful service to humanity. It is my prayer that God Almighty grants you many more healthy, fruitful, and fulfilling years ahead, and continues to endow you with wisdom, strength, and the grace to keep contributing to our nation-building.
Happy Birthday, Your Excellency.
Michael Kaase Aondoakaa SAN.
Former Attorney General of the Federation and Minister of Justice
TAU reaffirms commitment to globally competitive learning
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