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Tinubu Inherited Dead Economy, CBN Under Buhari Printed Money Illegally – Soludo

Published

6 months ago

November 24, 2023

Anambra State Governor, Charles Soludo has claimed that the current administration led by President Bola Tinubu inherited a dead economy from its predecessor.

Pmnews.ng recalls that the President Bola Ahmed Tinubu government had also cried out that it inherited an almost bankrupt economy from the immediate past Muhammadu Buhari administration.

Soludo, who spoke similarly on Thursday during an interview on Channels TV’s Politics Today, called on Nigerians to be patient with the current government.

He alleged that the Central Bank of Nigeria was illegally printing money, which according to him, contributed to the fall of the country’s currency.

The former CBN governor noted that the alleged illegal printing of money was a total violation of the 2007 Act governing the apex bank.

He ascribed the present economic situation in the country to alleged recklessness of the previous government, describing the economy it left behind as a dead horse.

He said, “We sat here in this country and saw the monetary authorities literally printing money.

“And to prevent us from getting to where we are today, that was why we had an explicit clause that prevented the Central Bank from lending recklessly, granting ways and means to the federal government.

“This particular government inherited a dead economy from a micro economic point of view; this government inherited a dead horse that was seen standing but people didn’t know that it was dead. I think it’s important for Nigerians to understand this.”

Related Topics:Bola Tinubu CBN Chukwuma Soludo

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Prince Harry visits sick Nigerian soldiers in Kaduna

Published

3 days ago

May 11, 2024

Alero Danjuma

Prince Harry and his team visited the 44 Nigerian Army Reference Hospital in Kaduna to interact with wounded soldiers who are receiving treatment.

The Duke of Sussex is in Nigeria with his wife to champion the Invictus Games, which Harry founded to aid the rehabilitation of wounded and sick servicemembers and veterans.

Nigeria joined the Invictus Community of Nations in 2022 becoming the first African country to join.

Prince Harry’s visit to Kaduna came 68 years after his late grandmother Queen Elizabeth II visited the state during the time of the late Premier of Northern Region Sir Ahmadu Bello.

News

Senate approves death penalty for drug traffickers

Published

5 days ago

May 9, 2024

Alero Danjuma

Senate on Thursday, May 9, approved the death penalty for those convicted on the charge of drug trafficking in the country.

The punishment prescribed in the extant NDLEA Act is a maximum sentence of life imprisonment.

The resolution of the Senate followed its consideration of a report of the Committees on Judiciary, Human Rights and Legal Matters and Drugs and Narcotics, National Drug Law Enforcement Agency (NDLEA) Act (Amendment) Bill, 2024.

The Chairman of the Committee on Judiciary, Human Rights & Legal Matters presented the report during plenary, Senator Mohammed Monguno (APC-Borno North).

The bill, which passed its third reading, aims to update the list of dangerous drugs, strengthen the operations of the NDLEA, review penalties, and empower the establishment of laboratories.

Section 11 of the current act prescribes that “any person who, without lawful authority; imports, manufactures, produces, processes, plants or grows the drugs popularly known as cocaine, LSD, heroin or any other similar drugs shall be guilty of an offence and liable on conviction to be sentenced to imprisonment for life” was amended to reflect a stiffer penalty of death.

Although the report did not recommend a death penalty for the offence, during consideration, Senator Ali Ndume moved that the life sentence should be upgraded to the death penalty.

During a clause-by-clause consideration of the Bill, Deputy Senate President Barau Jibrin, who presided over the session, put the amendment on the death penalty to a voice vote and ruled that the “ayes” had it.

But Senator Adams Oshiomhole objected to the ruling, saying that the “nays” had it.

He argued that matters of life and death should not be treated hurriedly, but Barau said it was too late, as he failed to call for division immediately after his ruling.

The bill was subsequently read for the third time and passed by the Senate.