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Wednesday, 25 February 2015

VP Sambo Doling Out Millions Of Naira In Kaduna -SaharaReporters

Vice President Namadi Sambo, who arrived in Kaduna at the weekend, is presently supervising the sharing of millions of Naira to individuals and groups in the state with sole aim of ensuring that the All Progressives Congress (APC) presidential candidate, General Muhammadu Buhari loses to President Goodluck Jonathan, a credible source in the presidency has confirmed.

Kaduna is one of Buhari's strongholds along with Kano and the rest of the States of the North-west include Sokoto, Zamfara, Kebbi, Jigawa and Katsina.

The source added that Sambo in one of the meetings held with Peoples Democratic Party (PDP) candidates vowed that the party must do all it can to ensure President Jonathan wins the state that has been traditionally been Buhari's base since the 2003 presidential election.

He was quoted as saying it was critical for the PDP to use all the means at its disposal to win the election.

Among those receiving the largesse are traditional rulers, religious clerics and prominent youth leaders, saying it was being delivered to them with the condition they are to ensure Jonathan is elected. Sambo has also distributed exotic cars to some senior citizens of the state in what amounts to purchasing victory.

In the 2011 general elections, it will be recalled, Sambo lost to Buhari's defunct Congress for Progressive Congress all the elections held in his immediate polling unit and his Kaduna North local government area.


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Sahara Reporters, New York.
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Improve health for Nigeria women and children, Political Aspirants Urged

A coalition of women and children's health advocacy groups has challenged political office aspirants to explain details of their maternal and child health plans to the electorate especially at this period of electioneering.

Partnership for advocacy in Child and Family Health Coalition (PACFaH) a public advocacy group said at a press briefing in Abuja that it was drawing attention to the inadequate funding of key interventions meant to save the lives of women and children as the world approach the end of the Millennium Development Goals.

Mrs. Chinwe Onumonu, a member of the group who is also director of Family Planning Sector Lead Project who addressed reporters at the briefing lamented what she described as the dire status of health of women and children in the country.

Political parties and their aspirants "have to share a realistic plan, for Nigerians in order to improve the poor reproductive maternal Health indices in Nigeria".

The group reiterated the imperative for the health sector to review how well the nation has fared in reaching these goals, especially the health related MDG goals. It also called on the National Assembly and State Houses of Assembly to ensure that budget lines for MNCH are created.

Stressing that if Nigeria must achieve its goal of being one of the top 20 economies by 2020, Onumonu said "the government has to commit to improving the health and wellbeing of Nigerians".

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***Reported by Stellamaries Amuwa for PR Nigeria
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Nigeria Not Broke Says Yuguda, As Excess Crude Account Falls Under $3Billion

Minister of State for Finance, Mr. Bashir Yuguda has disclosed that domestic excess crude balance in the federation accounts stands at N19 billion while the excess crude account (ECA) remained $2.60 billion as at the end of January, 2015.

While fielding questions from reporters shortly after this month's Federation Account Allocation Committee meeting in Abuja on Tuesday The Federal Government has insisted that the country was not broke despite the headwinds militating economic growth in recent times.

To him, insinuation that the country is broke, is a political point made out of nothing.

Yuguda said in as much the country was meeting its financial obligations as a when due, it would be wrong to continue to make such unfounded insinuations.

"I don't know the issue of the country being broke, people should come up with facts and figures of what it means for a country to be broke", Yuguda challenged.

He lamented however, that recent measures put in place to boost revenue from non-oil sources are yet to yield desired results mainly because the non-oil sector are still linked to oil and gas which has been facing uncertainties.

According to the communique issued by FAAC after the meeting, the three tiers of the government shared total sum of N500.130 billion for February 2015.

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***PR Nigeria
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Electricity: Finland To Collaborate With Nigeria In The Area Of Power Supply

The Finnish Ambassador to Nigeria, Her Excellency, Ms. Pirjo Suomela-Chowdhury today [on Wednesday] held discussions with the Minister of State, Power, Hon.  Mohammed Wakil, with a view to ascertaining areas of possible collaboration between her country and the Government in the area of power supply.

The Ambassador, who expressed satisfaction with the on-going transformation in the sector, disclosed that she is ready to woo big time conglomerates from Finland, as they would soon come and join in the present administration's goal of more access to power for both the rural and urban dwellers.

She observed that, the prevailing security challenges being faced in the North East could adversely affect the investors' confidence as well as their willingness to come and invest in Nigeria.

While drawing analogy against the recent dogged fight against the Ebola scourge, the Envoy encouraged Nigerians to use the same zeal in the fight against pipeline vandalism which has become a menace hence the inability of the country to push-up power generation. Using the popular axiom, "where there is a way, there is a will", she urged Nigerians to tackle her problems frontally rather than blaming others.

Responding to the Envoy's presentation, the Minister of State, Power, Hon. Wakil said that Nigeria's interest in the development of renewable energy is informed by the dire need of President Jonathan's administration to address the lingering problem of energy mix. He said, now more than ever before, Nigeria is desirous of a robust energy mix as the country is not prepared to put all its eggs in one basket, by relying solely on one or two energy sources.

He observed that Nigeria is blessed with abundant resources in the renewables - small and medium hydros, biomass, solar and wind.  It is hoped that the Nigerian government will fast track the development of renewable energy sources by ensuring that these sources serve 70 percent of Nigerians residing in the rural areas that are far flung away from the national grid, and may not be connected soon because of insufficient resources.

To this end, he said, the target of the Nigerian government is to provide 30% of our electricity needs from renewables according to the vision 20-20-20 target, adding that government is considering a digital approach through the use of censors and camera detectors, adding that the plan of government to accelerate power output has been scuttled by persistent acts of vandalism.

Hon. Wakil assured the would-be investors from Finland that renewable energy is the way to go as it would be embraced by all in meeting the nation's energy needs.

He showed excitement on the capacity building package the envoy spoke about earlier and observed that such efforts will help to bridge the skill-gap that still exists in the power sector.

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PR Nigeria / Newsbeat Portal, Abuja
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An Insider Within CAN Confirmed To Me That CAN Received N7Billion, Borno Pastor Insists

Borno State-based pastor, Kallamu Musa-Dikwa, has again maintained his position that the Christian Association of Nigeria (CAN) received the sum of N7 Billion from President Jonathan to campaign against General Muhammadu Buhari.

This is coming against the backdrop of the President of the Association, Ayo Oritsejafor denying that CAN never collected any fund from the president.

Pastor Dikwa was the Associate Pastor with the E. Y. N. Church (Enklesiyan Yan'uwan A Nijeriya) Farm Centre, Dikwa Road, Maiduguri, Borno State, under Rev. Emmanuel Kwajihe between 2002-2004.

According to Pastor Dikwa, an insider within CAN confirmed to him exclusively that the body received the said N7 Billion from President Jonathan with the sole aim of campaigning against the All Progressives Congress presidential candidate, General Muhammadu Buhari.

He said, "There was no newspaper or news coverage of the disbursement of the N7bn to CAN. A national officer of CAN confirmed to me that CAN received the money and disbursed N3m to each state CAN.

"I sent text messages to the CAN leadership, asking them to repent otherwise I will expose them. Nobody replied me. That is why I decided to open up. Some people say that I am working for Buhari. It is not true. I am not working for anybody. It is not today that I started writing on Boko Haram. I stand for the truth. Boko Haram affects everyone, Christians and Muslims."

"I am not working for anybody. I am standing for the truth. I am standing for righteousness and for my people, whether Christians or Muslims.

He, again, reiterated that neither Incumbent President Jonathan nor his fierce challenger Muhammadu Buhari is worthy to be the next president of the country.

"I have always said that both President Goodluck Jonathan and Maj-Gen. Muhammadu Buhari(retd) are not good for Nigeria. I am praying and I am always telling the people that God will stop them (Jonathan and Buhari)."

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Newsbeat Portal, Abuja
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Twist: Obasanjo Destroyed His Expired PDP Membership Card, PDP Claims

Two weeks after former President Olusegun Obasanjo tore his Peoples Democratic Party membership card, the party claimed on Tuesday that the card being held by the former President had expired.

It said that the card hitherto owned by Obasanjo was signed by the party's former Acting National Chairman, Alhaji Kawu Baraje.
Baraje has since left the party and he is now a chieftain of the main opposition party, the All Progressives Congress.

While declaring his leaving the party, Obasanjo had asked the Chairman of the PDP in his ward at Abeokuta, Mr. Usman Oladunjoye, to tear his membership card.

Commenting on Obasanjo's action, the National Secretary of the party, Dr. Wale Oladipo, said the card had been changed.

Oladipo spoke during a courtesy call on him by some students, who claimed to be working for the re-election of President Goodluck Jonathan.
He said the National Chairman of the party, Alhaji Adamu Mu'azu, and himself signed the current cards being used by the party members.

He said, "Baba (Obasanjo) is over 80 years and my mother is around Obasanjo's age and when you reach that age, you do things that only you can explain.

"Secondly, you will see that Baba did not tear our card. He asked somebody ostensibly to do the tearing and I am assuring you that the card that was torn was not the current PDP card.

"The current PDP card is signed by Mu'azu and Oladipo. So, the card he tore was a Baraje card which we were going to destroy anyway. So, I think Baba started it."

He added that Obasanjo might have left the party in order for it to have more followers.

Oladipo said, "Lastly, Baba is a very intelligent man. When Baba was helping us, he knows that a lot of people could have complained that they could have voted for the PDP but Baba is there.

"You know when a big tree thrives in a big forest, smaller trees cannot grow. If that big tree leaves, 10 to 20 smaller trees will grow."In politics, one big tree has a vote while 20 small trees have 20 votes. If you do the arithmetic, I am a scientist, I know that head or tail, it is a win-win situation for the PDP."

The party also vowed to shock the APC in the South-West, where it said it would spring surprises.

The Deputy National Chairman of the PDP, Uche Secondus, stated this while speaking with journalists in Abuja on Tuesday.

He said with the support which he said was coming for the party, there was no way the party would not win the presidential election.
Secondus said this was where the confidence was coming from for the party and the President.

He said, "Look at our pedigree. A party that was formed less than one year ago can't win elections with media vibes.

"Elections are won at polling units and we have the pedigree and statistics that have shown from 1999 till date that we have been consistent."

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***Reported By The PUNCH NEWSPAPER
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Police Claims Suicide Bombing Of Kano Motor Park Killed 12 Person

After a brief respite from Boko Haram insurgency attacks in troubled Kano State, a suicide bombing occurred around 3 p.m. Tuesday at Kano Line motor park, around Kofar Nassarawa on Zaria Road, Tuesday.

The blast resulted in 12 deaths though eyewitnesses at the scene reported higher figures.

According to the Police Commissioner of the Nigeria Police Force's Kano Command, Ibrahim K. Idris, the two male suicide bombers, suspected to be 17 or 18, entered the park disguised as passengers, before detonating the explosives.

"They are two male suicide bombers," the commissioner said, adding "While disguised as passengers one of them was able to board a Sharon bus, then blew himself up, [killing] the passengers on the bus."

Other persons also sustained injuries as a result of the tragic development, though exact figures are unclear.

"The investigation is still at the preliminary stage; that is why we cannot give a comprehensive account of the injured ones. But we learned that some people sustained various degrees of injuries. They have since been conveyed to the hospital for immediate medical attention."

The commissioner further disclosed that the two suicide bombers were not set ablaze by angry youth surrounding the scene of the event, as rumoured.

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Sahara Reporters, New York
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So How Come Money Is Failing PDP So Badly? By Peter Claver Oparah

PDP has been known for its money power. It believes so much in the power of money. It oozes money from all pores. It celebrates money such that it's another name is 'share the money'. It makes no pretence of the fact that it is monetarily rich. Money is PDP's aphrodisiac that wakes its potency any time its existence is threatened. Money has come no handily to bail PDP from situations that threaten its existence.

Once PDP deploys money on its often quarrelsome members, all problems get instantly settled. Once PDP unleashes money on the electorates, it walks away with questionable electoral victories. It does not hide its attractive affinity to money such that at every turn, it is quick to flaunt its rich resource base and intimidate others int submitting to its ravaging desires and wishes.

In the run up to every election, PDP has made a ritual of gathering its monied members and financiers to make a public show of its control of the purse. It had always called up those that have benefitted from its many pro-money policies to make returns for any impending electoral battles, and they have returned bountifully to its expansive war chest. With such huge purse, both the electorates and the electoral system become pliable tools the PDP uses . Anyway it chooses. Thus, with every election, money is never always the problem of the PDP. It has money in abundance as it has always manipulated the state treasury to ensure it always has enough when its opponents scratch for funds to run their own campaigns.

PDP and its members want all to believe that the earth is theirs and the goodness within. They want to be seen as the owner-managers of Nigeria's vast estate. They want to be perceived as the only people with the capacity to gather enormous resources and spend such in whatever way they want. Their body language bespeaks this fact. They question their opponents if they spend minimal fractions of what they spend as pocket money. They brook no rival to their affluent status and as such, deign themselves as the unchallenged ones to spend money as they wish. It was such that when PDP's rival, Gen. Muhammadu Buhari got a paltry N54 million from his own fundraising effort, the righteous PDP czars questioned how come he got up to such amount when they have the sole license to raise money for whatever purpose they deem necessary. It is such that when Buhari goes on campaign with a chattered plane, PDP righteous spin masters ask where he got the money to chatter a plane. To them, they remain the sole people capable enough to hire planes for their own campaigns even with more than fifteen air crafts in the presidential fleet turned in for their campaign. It is such that when Buhari's wife made a donation of N135 million drugs to victims of Boko Haram insurgency, PDP propagandists sought to burst the space with questions of how she came about such amount of money to purchase drugs.

In the run up to the on coming general election, PDP made a noisy business of gathering their clients in the business of running the Nigerian economy to come under one roof and in one night, pulling a hefty N21billion for its 2015 electoral battle. This is apart from the limitless license it has with the national treasury where it freely dips its hand to fund its political projects. By this, it sent a clear signal to its poor opponents that the impending battle is going to thread the usual path.

Knowing that its opponent is not monetarily gifted, it was a road show that the coming election, like previous ones, will be won and lost on the turf of money politics. Nigerians know that the PDP has no rival in this sphere. It has sat on the country's wealth for sixteen years and in those sixteen years, has bred a cabal of thieves, rogues, plunderers, treasury raiders such that it has a thick cache of the monied denizens that can always pull together any amount to ensure that the feasting go uninterrupted. It is within PDP that those who benefitted from the missing trillions of Naira, the missing billions of dollars, the multi-trillion Naira fuel subsidy scams, the trillion Naira kerosene subsidy scam, the winding list of multi-billion Naira scam contracts, the seedy oil deals, the multi-trillion Naira import duty waiver bazaar and all the many corrupt deals that have come to define PDP' sixteen awful years in power, domicile.

In the election campaign proper, PDP has enormously displayed the power of money. Remember that when electioneering campaigns were yet to be kick started, PDP embarked on a very expensive nationwide road show under the Transformation Agenda of Nigeria. This took the party to all parts of Nigeria in a sole display of its very potent resources. The opposition never challenged it because it didn't have the resources for such an enormous road show. It was a solo effort and even some enlightened observers like Prof. Akin Oyebode and Mr. Olisa Agbakoba ( SAN) readily wrote off APC and called the coming election for PDP because they saw only PDP campaigning all over the country.

It never occurred to these learned patriots that electioneering campaigns were illegal when they hastily wrote off APC. But with the flag off of the campaigns, PDP had been trailing so poorly that it had hardly organized decent rallies in many states while its opponent pull mammoth crowds of enthusiastic supporters even in states PDP took as their strongholds. While the opposition increases in strength and support, PDP has significantly decreased in strength and support, even with its stupendous resources.

Every day, PDP spends hundreds of millions of Naira on media advertisement; print, electronic. Internet. It has mopped up all available media space and has taken up all purchasable advert spaces to place, very often, meaningless smear campaigns against its opponents. Sure, these are what money can do. PDP is in its usual game, and it is exclusively a money game. PDP has been extravagant and boisterous in displaying its monied status before Nigerians in this campaign.

It is indulging in mass purchase of people, wooing Nigerians in any currency to support its frantic effort to hang on to power. Groups, associations and all manners of gatherings are being induced with hair-raising amounts of money all over the country. Pastors, cultural groups, women groups, traders, market women, traditional rulers, students, youths, nongovernmental organizations are being purchased to support PDP's inordinate ambition to hang on to power.

PDP is sparing nothing because it has the money, it has the key to the treasury and, of course, the power. PDP has been spending money as if it will soon go out of fashion to purchase the support of Nigerians for it to continue in power. Its stomach infrastructure politics is built solely on employing money to buy poor food rations for dehumanized and pauperized Nigerians in exchange for their votes.
>
> But then, how come money seems to work for PDP In reverse mode in this election? What did PDP do wrong this time around that its legendary money power is failing it so badly? How come age old tactics of massive deployment of money is failing PDP this time around? I ask these because going to the 2015 election, PDP is trailing so badly behind poor Buhari and his APC such that credible opinion polls have shown that PDP does not stand the chance of garnering 30 per cent votes in the coming election. It is this fear and reality that made the PDP, which started campaigns for this election so ahead of its opponents, to desperately clobber INEC to shift the election on very flimsy contrived grounds.

The irony of the PDP fate is that the more money it spends, the more its electoral chances plummet. After spending so much of its famed excessive war chest, the PDP, a party in government, is today perceived as the opposition party in this campaign. It is clutching at every available straw to keep afloat as blackmail, insult, lies, propaganda, deceit, character assassination; fabrication have formed the collapsible basis and central core of its campaign. PDP is flailing so helplessly on the APC tailboard even with the enormous resources at its disposal so what is the problem?

Why is it that it is the PDP that is raising vacuous and specious allegations of rigging, manipulation, and electoral chicanery when it is the party in power and with its heavy resource base? Why is it the PDP that is desperately playing cheap ethnic and religious cards to hang on to power? Why is it the PDP that is seeking to shift the goalpost deep into the second half of a soccer game when it has such intimidating resources? Why is it the PDP that is making such laughable demands as change the leadership of INEC, remove every impediment to free manipulation of election as a panacea to its worsening electoral fate? Why is it the PDP that is alleging of being intimidated in a game usually determined by huge money that it had in abundance?

Why is it the PDP that has to engage in very subterranean moves to not only force a shift in the elections but scuttle the entire process it had kick-started with illegal TAN rallies months before electioneering was legally kicked off? Why is it the PDP that is today running so disoriented, so confused and so ragged around the shadow of just one man- Muhammadu Buhari even with the enormous money and power at their disposal?why is it that the PDP is finding it hard swinging the campaigns and subsequently the coming election with its huge money? Why is PDP not dictating the pace of the game this time around but poorly trailing the APC? Why is it that with all the propagandists PDP had purchased for its campaign, it is finding it extremely difficult to mount a decent campaign free from the annoying inanities, childish fabrications, personal insults, blackmail and attack that has become synonymous with PDP's wonky campaign so far?

> Yes, the huge campaign war chest the PDP has gathered is worsening PDP's problem, and this is a viable case study for students of Nigerian electoral contest in the years ahead. The flu that has hit the PDP quest for continuation even with its enormous resources may be a viable theme for the cleansing of the farcically scrambled electoral system in Nigeria. What is happening to PDP today, even with its unassailable money power, needs to be researched into to bail Nigeria from the cabalistic politics PDP excels in and which thrives in inordinately cornering all state resources and employing same to purchase state power. Why money is not working the age long tricks for PDP, today remains perhaps a puzzle to the members of PDP that have invested heavily in leveraging the enormous power of money to stay in power perpetually.

As the rescue of Nigeria from the clutches of negative politics that has prosecuted the progressive decline of Nigeria. I know that PDP leaders, members, henchmen, fixers and enablers are ran ragged pondering how their famed money power is failing them so woefully as they grapple with the realities of losing power to a less monetized opposition that is depending on the freelance goodwill of Nigerians to come to power. Yes, money itself has its expiry potency against a people that have been pushed to the wall by corrupt and bad governance. Faced with the determination of a people, it stands to fail those who place their trust on its artificial power. This is the lesson PDP will take home after the 2015 general election if it survives beyond that date.

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Peter Claver Oparah

Ikeja, Lagos.

E-mail: peterclaver2000@yahoo.com
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Opinions expressed above are those of the author.
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Tuesday, 24 February 2015

Senate To Screen Ministerial Nominees Tomorrow

The Senate will on Wednesday February 25th, 2015 begin the process for the confirmation of Ministerial Nominees during their plenary.

Among those to be screened are Senator Patricia Akwashiki, Professor Nicholas Akise Ada, the controversial Senator Musiliu Obanikoro.

President Goodluck Jonathan last week forwarded the list of ministerial nominees to the senate for confirmation.


A statement by Charles Akpan, Assistant Director of the Presidency read: "According to the Notice Paper of the Senate, it will tomorrow [Wednesday] consider the request of Mr. President, Commander in Chief, for the confirmation of nominees as Ministers of the Government of the federal Republic of Nigeria, in accordance with section 147 (2) of the 1999 Constitution as amended."

"Those to be screened tomorrow include Senator Patricia Akwashiki , Professor Nicholas Akise Ada, Col. Augustine Okwudiri Akobundu, Engineer Fidelis Nwankwo, Mrs Hauwa'u Lawan, Senator Musiliu Obanikoro , Mr. Kenneth Kibani and Senator Joel Danlami Ikenya."

Akpan equally noted that the Senate, during their plenary session on Tuesday, received "the reports of the following Committees: Committees on Investment, Judiciary, Human Rights and Legal Matters, Conference Committee on Nigeria Financial Intelligence Centre bill and report of the Ad Hoc Committee on Breach of Security at the National Assembly Complex."

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Source: Newsbeat Portal, Abuja / PR Nigeria
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Obasanjo's Graceful Exit From PDP : The Rest Is Noise Within PDP Camp By Bayo Oluwasanmi

Those lines of dialogue from the film "Double Indemnity" (1944) sum up the state of the two major political parties in Nigeria today. Both parties are rotten. How could they not be? Given the complete infestation of the political system by corruption on a scale that now requires a presidential aspirant to cough out N27 million for nomination form to be able to contest for the presidency. Both parties are captives of corruption and looting.

However, both parties are not rotten in quite the same way. The All Progressive Congress (APC) have its share of machine politicians, careerists, corporate bag-men, egomaniacs, and kooks. Nothing, however, quite matches the People's Democratic Party (PDP).

Thanks to the presidential election campaigns, millions of Nigerians are finally paying attention to politics and watch with exasperation the tragicomedy of corruption and extended looting. Now, it's no more a shock to Nigerians that the PDP is full of lunatics.

To be sure, PDP has its share of crackpots like Femi Fani-Kayode, Ayodele Fayose, Buruji Kashamu, Bode George, Diepreye Alamieyeseigha, Diezani Allison-Madueke, James Ibori, Patience Jonathan, Iyiola Omisore, Musiliu Obanikoro, Jelili Adesiyan, General Aliyu Momoh, Caleb Olubolade, Edwin Clark, Stella Oduah, Dimeji Bankole, and countless other treasury plunderers. The PDP membership reads like a casebook of lunacy.

The cast of characters and pernicious ideas of the PDP have literally bankrupt Nigeria and hold its citizens and the economy as hostages. The postponement of the presidential elections is yet another extension of PDP's political terrorism.

The PDP tactics and beliefs are important indicators of an absolutist, authoritarian mindset that is increasingly hostile to the democratic values of reason, compromise, and conciliation. Rather, this mindset seeks polarizing division, (Okupe and Abati's strategy) conflict, and the crushing of the opposition.

It should have been evident to clear-eyed Nigerians long before now that the PDP has become an antithesis of a representative democracy and more like an apocalyptic cult, a Fascists/Nazist authoritarian parties of 19th and 20th century Europe.

Over the years especially the last six years since President Goodluck Jonathan assumed the presidency, the PDP has become an insurrectionary party that flouts the law when the law is not on PDP's side. And when the law is on the side of the opposition, PDP threatens disorder. It is a party of obstruction, disruption, and destruction.

Recently, former President Olusegun Obasanjo finally renounced his PDP membership by publicly shredding into pieces his membership card. Obasanjo's relentless pounding of Mr. Jonathan with acerbic jokes, comments, and criticisms signalled not if but when he'll leave PDP. We saw it coming.

In three purported tweets from @segunobasanjo, he gave reasons for his departure from PDP: "I'd rather sacrifice my political party for the interest of Nigeria than sacrifice my country for a political party led by a drug baron." "I'd rather tear PDP membership card than sit down and let Jonathan use PDP and corruption to teat my beloved country apart."

"I have national and international standard to maintain. For this reason I'd rather stand alone than be in the same political party with Kashamu." "If there is anything that requires my own comment, position or views, I will say it. It is only when you kill me that I will stop doing so." "My first preoccupation is what is best for Nigeria: Nigeria first, party second, and anything third."

All things considered, it can be argued that Obasanjo holds the franchise of PDP. He's been the pillar of the party. He's the face or the logo if you will, of PDP. He's the god father and kingmaker of the party. After his exit, the rest within PDP camp is noise.

Obasanjo's exit from PDP is fatal to PDP. Obasanjo's action of tearing up his PDP membership card sends a negative message about PDP to the international community. Obasanjo is telling the world that he has no confidence – absolutely none – in Jonathan's government.

The consequence of Obasanjo's action reverberates far beyond PDP. It has a wider economic effect on Nigeria as a whole. Regardless what we think of Obasanjo and how we see him in Nigeria, he is a man the world defers to. Investors' confidence has already been shaken in Nigeria. There is subtle capital flight and new funds are not coming in – part of the reasons the Naira is losing grounds to the Dollar and Pound Sterling in particular, and other currencies in general.

The fall of Naira against other currencies and its falling purchasing power in Nigeria is going to trigger crisis of its own. There is deepening frustration because funds for operating are not available to businesses. Commercial Banks are not lending, neither are finance houses, money lenders and micro-finance banks. Other economic activities are at a stand still.

No one should be surprised by these developments. The direct consequence of the uncertain political climate is being exacerbated by the undercurrent of scheming and shenanigans of Jonathan and his handlers – the Interpreters of Maladies.

Right now, the economy is in shambles. It will get worse because no investor in his right senses will come and invest in an economy that is being threatened by war. Obasanjo's action is concrete proof to the world that a lot is wrong with Nigeria. And that's the essence of symbolically tearing it up publicly. The full implications of Obasanjo's action are huge and scary. Let's be clear: Nigeria is in deep trouble.

There are no national institutions worth that title. We've moved in the warlords' direction and we've initiated another Somalia. The only thing that can save Nigeria now is if we still have a critical core of patriots in the security forces. History will never forgive them if they failed to come together on behalf of the people to save Nigeria, rather than unite to save their 'pot of soup.'

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Author: Bayo Oluwasanmi

Opinions expressed above are solely those of the author.
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