An undergraduate of Computer Science at the Adamawa State University, Abdulbasit Umar, was yesterday paraded by the Taraba State Police Command for kidnapping his 10- year-old biological sister, Amina Umar.
The 22-year-old student, who was paraded alongside with his accomplices, Sadiq Dalhatu Sani (21) and Abdullahi Habib (27), who he allegedly hired to carry out the act, were all arrested following a tip-off.
Parading the suspects alongside 19 other kidnappers and armed bandits, the Police said the suspects were responsible for the kidnappings in Gassol, Bali and other parts of the state.
They were also paraded alongside arms, ammunitions, a vehicle and other accessories used in carrying out the acts.
According to the Police Public Relations Officer (PPRO), David Misal, said: “The mastermind of the crime, Abdulbasit Umar, who happen to be a biological brother to the victim, has on the said date, criminally conspired with other suspects and lured the innocent girl into a blue Honda Hennessy car, with registration number, Kaduna MKF 67JK, and took her to Dove Hotel along Mayo Dassa road in Jalingo, where she was held captive.
The suspects, he said, contacted the family and demanded for a ransom of N10million, but later accepted to collect the sum of N4million.
In the process of collecting the ransom at Wuro-Sambe in the outskirts of Jalingo, they were tracked and arrested, while the victim was rescued.
Umar explained that he staged the kidnap of his sister to make his father cough out N10million to enable him travel abroad.
His other accomplice, Sani, a 300-level Geology student of Modibbo Adama University in Yola, said he has been a childhood friend of Abdulbasit, who sought his assistance to perpetuate the act.
Loan: Buhari, APC Owe Nigerians Apology — Atiku
Former Vice President and the presidential candidate of the Peoples Democratic Party (PDP) in the 2019 general election, Atiku Abubakar, has asked President Muhammadu Buhari and the All Progressives Congress (APC) to apologise to Nigerians over what he described as reckless borrowing by the administration and how the terms of such loans could compromise the future of the country.
In a statement on Sunday, the former vice president said that some managers of the party and even the government had denied the allegations that he raised as well as the warning for caution.
But according to him, just last week, a cabinet minister confirmed the allegations.
“Now, we all are aware that Nigeria’s sovereignty may have been traded for foreign loans and God forbids our inability to service those loans, the lender country would take ownership of choice infrastructure on the Nigerian soil. No negotiation could be weaker than that!
“Nigeria had a total foreign debt stock of $7.02 billion on May 29, 2015. Today, our foreign debt is $23 billion and rapidly rising. Debt, by itself, is not a bad thing. But debt budgeted for such unproductive ventures, like the proposed $500 million upgrade of the Nigerian Television Authority and other sundry bogus contracts, is debt that leads to death. To trade Nigeria’s sovereignty for this type of profligacy is the height of irresponsibility!,” the statement read in part.
Atiku said he has long advocated for a more robust engagement of the private sector and promotion of foreign direct investment as sustainable alternatives through which government could fund infrastructure development.
But on the contrary, according to him, the Nigerian government under the banner of the All Progressives Congress threaded the direction of looking for cheap foreign loans in exchange for the sovereignty for Nigeria.
“Recall that former President Olusegun Obasanjo’s administration initiated a National Privatization Programme with the sole objective of ensuring that the private sector took some measure of influence in social investment portfolio and, in some instances, provided funding for infrastructure development.
“There was nothing in that plan that traded Nigeria’s sovereignty for some cheap loans which, in the light of unfolding revelations of sleaze in some departments of government, would have ended in private pockets,”.
He, therefore, stated that the government and the APC must apologize to Nigerians and make an admittance of guilt for taking the country through the throes of subjugation to another country.
Nigeria’s Debt To Rise Again As World Bank Set To Approve Fresh $1.5bn Loan
Nigeria’s debt profile is set to see an increase in August as the World Bank’s Executive Board may approve part of the country’s $3bn loan application on August 6.
Africa’s largest economy has been struggling to cover its fiscal deficits as the $1.5bn from World Bank has been designated for the country’s budget.
Nigeria’s Country Director, Shubham Chaundhuri, had said that due to the urgency of the fund, the board would decide the $1.5bn loan latest early August.
Nigeria’s Minister of Finance Budget and National Planning, Zainab Ahmed, had in June said that negotiations were on course and the goverment is looking at World Bank going to the board on 6th of August for Nigeria’s approval.
She had said that the country had metall the conditions for the facility.
She had said, “The amount we are raising in the first instance is $1.5 billion for FG and around September October we are hoping to close out on the facility meant for states and the amount is meant to be $1-1.5bn.”
If the loan is approved on August 6, Nigeria’s external debt profile is expected to increase to $34.1bn from $27.67bn in March.
The amount includes recently approved loans from different multilateral lenders, including the international Monetary Fund, World Bank and the African Development Bank, which was not captured in Nigeria’s debt profile as of March this year.
Nigeria had in April received $3.4bn from the IMF to fund its fiscal deficit and current account unbalances.
The AfDB had on June 5, equally approved $288.5mn for it largest shareholder to combat the impact of Covid-19 on its economy.
The World Bank on 25 June approved the Power Sector Recovery Operation $750mn in International Development Association.
Also most recently is the $500m loan approved on July 29, for girls education targeted at Northern Nigeria and Ekiti in the Southwest.
The total is expected to raise the country’s debt by $6.43bn, representing 23.2 per cent rise.
Meanwhile, data from the debt Management Office puts Nigeria’s external debt as of March 2020 at $27.67bn (N9.98tn).
This is excluding the loans approved in the dates succeeding March 31, 2020 as analyzed by THE WHISTLER.
The debt office also placed Nigeria’s domestic debt at $51.63bn (N18.64tn) as of March 31, this year.
Total public debt stock however as of March 31, 2020 was $79.3bn (N28.62tn).
The total public debt when updated with the new loans preceding March 31, will increase by $6.44bn to $85.74bn (N30.95tn).
This is including the $1.5bn set to be approved by the World Bank on August 6, this year.
Mamman Daura Didn’t Speak Buhari’s Mind On Zoning — Presidency
The Presidency has reacted to President Buhari’s nephew, Mamman Daura’s comment on zoning which triggered a controversy last week.
Recall that in an interview with BBC Hausa, Mamman Daura had said it is better for competence to prevail over zoning in government positions.
However in a statement released by Buhari’s spokesperson Garba Shehu which served as a response to the interview, the presidency stated that the Daura did not speak the mind of the President.
The statement read;
“We have received numerous requests for comments on the interview granted by Malam Mamman Daura, President Muhammadu Buhari’s nephew to the BBC Hausa Service.
“It is important that we state from the onset that as mentioned by the interviewee, the views expressed were personal to him and did not, in any way, reflect that of either the President or his administration.
“At age 80, and having served as editor and managing director of one of this country’s most influential newspapers, the New Nigerian, certainly, Malam Mamman qualifies as an elder statesman with a national duty to hold perspectives and disseminate them as guaranteed under our constitution and laws of the land. He does not need the permission or clearance of anyone to exercise this right.
“In an attempt to circulate the content of the interview to a wider audience, the English translation clearly did no justice to the interview, which was granted in Hausa, and as a result, the context was mixed up and new meanings were introduced and/or not properly articulated.
“These issues remain at the heart of our evolving and young democracy, and as a veteran journalist, scholar and statesman, Malam Mamman has seen enough to add his voice to those of many other participants.”
- Inside Nigeria5 days ago
Documents Show There Are Clauses In Loan Deal Conceding Nigeria’s Sovereignty To China — Reps
- Politics7 days ago
“We Can’t Be Manipulated” — Edo Chiefs, Elders Reject Oshiomhole’s Pleas
- Inside Nigeria5 days ago
China Won’t Give Nigeria Loan Again If You Continue Probing — Amaechi Warns Reps Panel
- Inside Nigeria5 days ago
We Have Limited Manpower To Tackle Southern Kaduna Killings — Nigerian Army
- Metro5 days ago
Student Expelled From Babcock Over Sex Tape Gets Scholarship To Study Abroad
- Metro7 days ago
Police Trace Teenage Highway Robbers To Kogi
- Health6 days ago
Nigerian Medical Directors Tackle Dr Stella Over Claim That Hydroxychloroquine Cures COVID-19
- Health6 days ago
COVID-19: My Life Is In Danger, US-Based Doctor Cries Out