News

‘Peter Obi’s Emergence Is A Rare Chance For Nigeria’- Report

As the 2023 General Election is approaching, Peter Obi’s winning as the presidential candidate of the Labour Party has been described as a rare chance for Nigeria.

In an article published on Monday, The Economist recalled that some polls had tipped Obi as ahead of the candidates representing the two other main parties – the ruling All Progressives Congress (APC) and the main opposition Peoples Democratic Party (PDP).

Read Also: APC Faults Dogara’s Purported Meeting With Northern Christians

UK publication added:

Mr Obi’s sudden ascent represents a rare chance for Nigeria. The country ought to be rich: it has huge reserves of oil, gas, and other minerals, plenty of fertile lands, and a young population of go-getters.
What makes this even more extraordinary is that Mr Obi is standing for the Labour Party, whose candidate at the previous presidential election in 2019 won just 5,074 votes out of 28m casts.
In two of the polls Mr. Obi has a lead of more than 15 percentage points over Bola Tinubu, of the incumbent All Progressives Congress (APC), and Atiku Abubakar of the Peoples Democratic Party (PDP), the main opposition.

Political analysts and observers have predicted that the February 25 presidential election will be a tight race between Obi, ex-Vice President Atiku Abubakar of the PDP, and former Lagos State Governor, Bola Tinubu of the APC.

Related Topics:chance Emergence Nigeria Obi's Peter Rare Report

Up Next

Toke Makinwa recalls statement her ex made after she caught him cheating that made her allow him cheat in peace

Don't Miss

ASUU Branches Set To Vote On Strike Tuesday, Wednesday ?Today News

News

Adeleke – .

Governor Ademola Adeleke of Osun State and Uncle to Famous Nigerian music artiste, Davido, has sparked reactions after he said that he has not taken any loan since he assumed office on November 27, 2022.

Adeleke said this at the second edition of “Ipade Imole”, a forum where he gave stewardship to the people of the state on Tuesday in Ilesa.

The governor said his decision not to take any loan to finance projects was in line with his pledge to govern with available resources only

“In all our governance activities so far, let it be known that we have never borrowed a kobo.

“This is in line with our pledge to govern within our available resources as we manage the huge liabilities we inherited from the previous government.

“If anybody tells you this administration has borrowed money, tell the person he is a liar,” he said.

See reactions from netizens on X:

Mallambas @AdedokunBasit1 reacted, “Ok we don hear Oya come show me tangible project you have done since you have been on this tenure

News

Court Jails Binance Founder, Changpeng Zhao, Becoming Richest Prisoner

Lifestyle Nigeria gathered that A United States, US, District court, on Tuesday, sentenced the founder and former Binance CEO, Changpeng Zhao to four months in prison.

The court judge, Richard Jones said Zhao, whose nickname is CZ, has also satisfied the requirement of him to pay $50 million in fines.

The judge also won’t impose five months of probation as was recommended by the probation officer, Mail Online reports.

In November 2023, Zhao pleaded guilty to a money laundering charge.

The 47-year-old admitted to violating the Bank Secrecy Act by willfully failing to set up an effective anti-money laundering system at Binance, the cryptocurrency exchange he founded and ran as CEO from July 2017 to November 2023.

Binance also pleaded guilty to similar charges from the US Department of Justice in November 2023 and was forced to pay $4.3 billion in fines and restitution for failing to register as a money transmitting business, Forbes reported.

News

Presidency’s $600 Million Seaport Investment Unconfirmed by Maersk

Danish shipping and logistics company, A.P Moller-Maersk, has avoided comments on a supposed investment in Nigeria’s seaport infrastructure totalling $600 million.

Last Sunday, President Bola Tinubu and the company’s Chairman, Robert Uggla, held closed-door talks on the sidelines of the World Economic Forum Special Meeting in Riyadh, Saudi Arabia.

In a statement by Tinubu’s spokesperson, Ajuri Ngelale, titled ‘President Tinubu meets Chairman of Danish shipping giant Maersk; secures $600 million investment in Nigerian seaport infrastructure,’ he quoted Uggla as saying, “We believe in Nigeria, and we will invest $600m in existing facilities and make the ports accommodating for bigger ships.”

Tinubu had stated that such an investment would complement the administration’s ongoing $1bn investment in seaport reconstruction across Nigeria’s eastern and western seaports.

However, in a statement issued by the company, as reported by Lloyd’s List, a global maritime insight, data, and analytics website; officials of the shipping and logistics giant said, “Maersk has been present in Nigeria for 35 years and, as a global provider of logistics services, we remain committed to develop opportunities for growth to people, the port sector and businesses locally,” the company said in a statement to Lloyd’s List.

“Therefore, it is natural to have an ongoing dialogue with the administration. However, we are not able to comment on any investment talks.”

While reacting to several media reports that Maersk denied such a million-dollar investment in Nigeria, Tinubu’s Special Assistant on Social Media, Dada Olusegun, late Tuesday, said the company hasn’t denied the FG’s statements.