Today's Headlines: Attacks On Ganduje Cost Kwankwaso Ministerial Slot, Says APC Spokesman, Tinubu Hails Ex-Rivers Gov Odili At 75
Attacks on Ganduje cost Kwankwaso ministerial slot, says APC spokesman
Photo Credit: Punch paper
The ruling All Progressives Congress has stated that the persistent attacks on the legacy of the party’s National Chairman, Dr Abdullahi Ganduje, in Kano State may have cost the presidential candidate of New Nigerian People’s Party, Senator Rabiu Kwankwaso, a position in the cabinet of President Bola Tinubu.
Prior to the unveiling of Tinubu’s ministerial nominees, there were suggestions that Kwankwaso might get a position in Tinubu’s government, given the fraternity between the duo after the presidential election.
Photo Credit: Google
However, Kwankwaso did not make the list of Tinubu’s ministerial nominees, while a former governor of Rivers State, Nyesom Wike of the opposition Peoples Democratic Party, got a slot.
Speaking with our correspondent on Sunday, the Director of Publicity of the APC, Bala Ibrahim, said he believed the attacks on Ganduje’s legacies in Kano State by Governor Abba Yusuf of the NNPP and Kwankwaso’s political godson was why Tinubu decided against giving Kwankwaso a ministerial position.
Tinubu Hails Ex-Rivers Gov Odili At 75
Photo Credit: Leadership
President Bola Tinubu has extended his warmest birthday greetings to a former Executive Governor of Rivers State, Sir (Dr.) Peter Odili, as he marks his 75th birthday anniversary on Tuesday, August 15, 2023.
The President in a statement by presidential spokesman, Ajuri Ngelale, joined the celebrant’s family, friends, and well-wishers in celebrating a life defined by remarkable accomplishments and an unwavering focus on human capacity development and political mentorship.
Recognising Governor Odili’s longstanding commitment to public service through his mentorship of future leaders across Nigeria as well as his uncanny ability to galvanise diverse groups of people together to achieve common objectives, the President affirmed that these qualities have distinguished him as a prominent leader and statesman.
NMRC advocates model mortgage, repossession law adoption
Photo Credit: Punch paper
The Nigeria Mortgage Refinance Company Plc has advocated for the adoption of model mortgage and foreclosure laws in Nigeria.
NMRC’s Chief Executive Officer, Kehinde Ogundimu, stated this during its 9th Annual General Meeting, held in Lagos recently.
He said, “It is worthy of note that NMRC has accessed the capital market three times to refinanced mortgages worth over N32bn, led advocacy for the adoption of model mortgage and foreclosure law in Nigeria.
“NMRC has also provided long-term liquidity to both primary mortgage and commercial banks to moderate the rise of mortgage interest rates in Nigeria while remaining at the forefront in the development and adoption of the mortgage uniform underwriting standard.”
FG to settle N187.32bn contractors’ debt by Nov 2023
Photo Credit: Punch paper
The administration of President Bola Tinubu will likely spend about N187.32bn to settle debts owed to local contractors this year, according to findings by The PUNCH.
The debts were listed as promissory notes in a document titled, ‘Schedule of promissory notes issued by category as at September 30, 2022’ by the Debt Management Office.
According to Investopedia.com, a promissory note is a debt instrument that contains a written promise by one party (the note’s issuer or maker) to pay another party (the note’s payee) a definite sum of money, either on demand or at a specified future date.
Section 4 of the Government Promissory Notes Act states that government promissory notes are paid from the general revenue and assets of the federation.
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