IBRAHIM BADAMOSI BABANGIDA (IBB), WILL FACE THE LAW OF RETRIBUTIVE JUSTICE!

   ZION B-BC

 NEWSLETTER.   

 

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria.  {Vol. 14. NO 593. 2nd March 2025} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

 

IBRAHIM BADAMOSI BABANGIDA (IBB), WILL FACE THE LAW OF RETRIBUTIVE JUSTICE!

The Word of God in the Book of Revelation 13:10, King James Version says “He that leadeth into captivity shall go into captivity: He that killeth with the sword must be killed with the sword” but exhorts God’s people to be patient and faithful in the face of tribulation and oppression for the LAW OF RETRIBUTIVE JUSTICE to prevail against the Wicked!

 This Scripture describes the actions of the Antichrist, the first Beast of that Chapter of the Bible as callous and despicable but emphasized that those who perpetrate evil would surely reap same. In Islam, “The Law of Retribution” is known as QISAS, which essentially means “retaliation”. (Quran. 5:45).

Babangida assumed the role of that Beast of the End Time who forced obedience to his authority, enslaved people who opposed him and even killed many who refused to bow to him but will eventually paid for all his crimes through the LAW OF RETRIBUTION!

Ultimately, God will take the Beast (Antichrist) captive and slay him! (Rev 19:20-21)!

Babangida {now 83), the retired Army General who was dubbed “Evil Genius” by the oppressed Citizens of Nigeria during  Three Decades of Military Dictatorship in Nigeria before the turn of the 20th Century, committed multiple heinous crimes against Nigerians between 1985-1993 (in his reign of terror), as a self-styled Military President!

Now troubled by his Conscience (32 years out of power), has confessed to an avalanche of crimes against humanity in a documented Memoir titled, “A Journey In Service”!

And he is being celebrated instead of being handcuffed and taken before the International Criminal Court, at the Hague, Netherlands, to be formally charged for various crimes against humanity and prosecuted for having criminally violated Section 2 of the First Republican Constitution which states that, “The Federal Republic of Nigeria shall not be governed, nor shall any persons or group of persons take control of the Government of Nigeria or any part thereof, except in accordance with the provisions of this Constitution.”

BABANGIDA was an addicted COUP PLOTTER who had been involved in violating the Sacred Tenets of the Nigerian Constitution from July 1966!

At his departure in1993, he said he would  only “step aside” because he was yet to accomplish his assignment in government!

He forgot very quickly that he reneged severally on hand-over dates and earned himself the sobriquet “Maradona”, the legend Argentine football dribbler of the 80s!

And true to his selfish agenda, Babangida shamelessly in September 2010, officially declared his intention to run for the presidency in the 2011 elections but was later urged by his military inner circle to withdraw his candidacy after the October 2010 Abuja bombing!

WHAT IS THE INTERPRETATION OF DIVERSITY IN NIGERIA?

It is a general consensus that diversity or variety - the practice or quality of including or involving people from a range of different social and ethnic backgrounds and of different genders, orientations, etc, together; should serve as catalyst for an enduring unity for collective progress as a country or an entity.

Unity in diversity is a popular cliché in Nigeria BUT INSTITUTIONAL CORRUPTION is the only factor that unites the leaders at all levels of government from Presidency to the States/Local Governments Executive and Legislature!

The Babangida-made Political Billionaires and Moneybags featured prominently at his Book Launch of Thursday 20th February 2025 in Abuja Nigeria, and the occasion was celebrated with fun and fanfare with other discredited past/present political leaders - all united under the UMBRELLA OF INSTITUTIONAL CORRUPTION!

And at the end of the show of shame, a humongous sum of NGN17.5BILLION NAIRA was realized as PROCEEDS TO “BUILD A PRESIDENTIAL LIBRARY” IN MINNA, NIGER STATE, for IBB after 32 years out of office by those who confessed that HE WAS RESPONSIBLE FOR THEIR POLITICAL SUCCESS AND OPULENCE IN LIFE!

Who says IBB is not completely BROKE NOW? And whereas there was an OIL WINDFALL of USD$12.4 billion US dollars, which accrued to Nigeria in the year 1990 and which he allegedly embezzled! 

Magazine Forbes assumed in 2011 that shortly before the Second Gulf War Babangida channeled US$12 billion of unplanned profits (“oil windfall”) into his own pocket (the oil price jumped from US$15/barrel to US$41.15/barrel within weeks in 1990 and then crashed almost as quickly to the old value).Wikipedia.

There was also “The Okigbo Panel report” which revealed that $12.4bn passed through the account, with $12.2bn allegedly spent on non-regenerative projects deemed non-beneficial to the Nigerian economy!

CONVIVIALITY AND CAMARADERIE OF BOOT- LICKERS AT IBB’S SINFUL CONFESSIONS!

The Book Launch event WHICH SHOULD HAVE BEEN A PRIVATE AFFAIR OF THE “EVIL GENIUS” AND HIS COHORTS, hosted all past Military Heads of State and their civilian counterparts except retired Major General Muhammadu Buhari, and they TRIVIALIZED the following atrocities perpetrated during Babangida’s dictatorship in government and some of which were documented in his Memoir as follows:

1) Annulment of the results of the June 12 1993 Presidential elections won by late Chief M.K.O. Abiola and which was adjudged as the most credible in the annals of Nigeria’s political history but which according to him was cancelled by late General Sani Abacha, his Defense Chief of Staff without his permission!

2) In his book, he has now accepted full responsibility for the annulment because it happened under his watch but he did not show any remorse nor did he apologize to any relatives of the dead or living Nigerians whom soldiers summarily executed for protesting against the annulment!

3) He could not explain the circumstances surrounding the death of popular journalist, Mr. Dele Giwa, who was killed through a letter parcel bomb believed to have been forwarded to him from IBB’s Office!

4) The heartless execution of Major General Maman Vatsa, his childhood friend and best man at his marriage for an alleged involvement in a coup plot to overthrow his government!

5) It was Babangida, who during his eight-year tenure that INSTITUTIONALIZED CORRUPTION through a system of “BRIBE SETTLEMENT” to silence all opposition to his military junta!

6) His Minna Hilltop Residence has been turned into a “Mecca” of sort for political charlatans who must remain permanently in office THROUGH HIS ENDORSEMENT!

7) All beneficiaries of his very corrupt military junta applauded with resounding clapping as he read out from a prepared speech, details of his very cruel and sadistic military excesses over the downtrodden and hapless CITIZENS OF NIGERIA!

Although Moshood Abiola, whom many believed won election was imprisoned and his wife assassinated but it is now in his Memoir, that Babangida has admitted that TRUTH! Abiola died in suspicious circumstances in 1998 and Babangida now says, “That accident of history was the most regrettable. The nation was entitled to expect my expression of regret!”

SHOULD IBB NOT HAVE BEEN WHEELED TO THE INTERNATIONAL CRIMINAL COURT IN THE HAGUE, NETHERLANDS, TO FACE CHARGES IN RESPECT OF ALL HIS GUILT INSTEAD OF BEING CELEBRATED?

Babangida has insulted the sensibilities of all Nigerians and would be made to pay for his multiple crimes against humanity!

 President Tinubu should do the needful by instructing the Attorney General of the Federation and his team of lawyers to take necessary action against this SADIST called Babangida! Human Rights Activist and Legal Luminary, Chief Femi Falana is already in the lead of those who will SUE BABANGIDA for unlawful incarceration, assault, deprivation of fundamental rights, extra-judicial murder of their loved ones etc!

 

Can the BOOK LAUNCH and all belated apologies wipe away the sorrows and the anguish connected to the June 12th  1993 trauma that wasted the lives of not less than 1,876 protesters?

 TINUBU SHOULD ALSO  BEGIN  THE PROCESS FOR THE ONE HOUSE, UNICAMERAL PARLIAMENTARY CONSTITUTION TO BE ENACTED THROUGH REFERENDUM AS DEMANDED BY THE CITIZENS AND ALL NIGERIAN PATRIOTS IN ORDER TO CORRECT THE EXCESSES OF THE DESTRUCTIVE AND WASTEFUL PRESIDENTIAL SYSTEM THAT BABANGIDA COVETED AS A SOLDIER AND PERISHED WITH IT!

HE SHOULD WRITE HIS NAME IN GOLD AND NOT IN BLOOD LIKE IBRAHIM BADAMOSI BABANGIDA!

“A Word Is Enough For The Wise!”

 [EXPECT A PRIME MINISTER IN NIGERIA NOW!]

Please look forward to more divine revelation in the next edition of Zion B-BC Newsletter as you share this with friends and remain blessed in the Lord. [For weekly access, to this newsletter, log on to:  facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,

Please look forward to divine revelations in  The Sure Word Gospel Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly Politicking For World Peace,  and The Wedding Mascot Died

If you have not accepted the Lord Jesus Christ as your personal Lord and Saviour, don’t miss this great opportunity as you pray  this prayer: Lord Jesus; I confess that I am a sinner who needs to be saved through the grace of the New Testament in your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and personal Saviour. Please forgive me and write my name in the Book of Life. Amen. If you prayed this prayer, you have been admitted into the family of sons and daughters of God, who are born-again. Congratulations!

I am yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.

MERCHANDISING FAKE DRUGS IS MASS MURDER !

   ZION B-BC

 NEWSLETTER.

 

A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 14. NO 592. 24th Feb 2024} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

MERCHANDISING FAKE DRUGS IS MASS MURDER !

Although irresponsible leadership of consecutive administrations in Nigeria have consistently derelict on socio-economic commitments, they however succeeded to brainwash a large chunk of gullible followers to support such glaring shortfall in accountability!

Insecurity, the albatross that had constantly depleted the population through high profile crimes and criminalities now has a close ally through massive proliferation and merchandising of fake/expired drugs which consumption have dispatched innocent citizens to early graves on daily basis!

 But then, some deluded politicians who prefer illicit wealth to healthy society would prefer that the official war waged on fake and adulterated drugs should be less aggressive and have brazenly confronted law-enforcement agents with such heartless pleas!

And whereas victims of the illegality of mass distribution of faked drugs to all the nooks and crannies of the nation are the masses of their various constituencies!

And unfortunately these set of Nigerians are the same paid to protest with placards completely unbothered to ascertain the legitimacy or constitutionality of their engagement but always focused on pecuniary reward alone!

CAN NAFDAC PURGE ABA MARKET OF FAKE DRUGS?

Aba Drug Market, Abia State Nigeria is notorious for all forms un-orthodox and illegal forms of promoting, dispensing and marketing all manner of fake, adulterated and expired drugs into the nation’s medical space for consumption by innocent citizens who are dispatched to early graves!

Since 1999, NAFDAC’s searchlight had been regularly beamed on the ABA DRUG MARKET, Nigeria‘s headquarters of illicit and fake drugs where unwholesome trading irregularities were executed as normal business!

In spite of the great efforts made by late Professor Dora Akuyili (OFR), to eradicate expired drugs from Nigerian markets during her eight-year (2001-2008), tenure as Director General of NAFDAC, the horrible activities of the drug cabal have increased and flourished by leaps and bounds!

Dora who even shut the market for FOUR WEEKS on an occasion during that period escaped assassination attempts on her life by the hair’s breath for daring to expose the ABA DRUG CABAL! Being a Professor of Pharmacology she perceived the collateral damages which unethical and outrageous dispensation of fake drugs could inflict on the illiterate masses of citizens. Following her appointment as Director General of National Agency for Food and Drug Administration and Control (NAFDAC), in 2001, she was quick to identify Aba Drug Market as the main channel distribution of fake drugs to major cities of Nigeria and confronted the challenge head long. But credit must be given to successive administrations which never relented to pursue the drug barons to their various hide outs and to completely destroy their Cartel with regular-professional raids!

 LATEST JOINT RAID BY SECURITY AGENCIES ON ABA, ONITSHA, LAGOS DRUG MARKETS! [BUSINESS DAY – NEWS AGENCY OF NIGERIA REPORTS].

Inside death chamber: How NAFDAC raided expired drug revalidation factories in Aba!

The National Agency for Food and Drug Administration and Control (NAFDAC), Monday, February 10, 2025, raided EKUMI Drug Market in the Ariaria area of Aba, Abia State, where it discovered methamphetamine (Mpuru Mmiri), banned and some unregistered medicines in some shops in the market.

Also discovered Monday, which was day-one of the raid, were Analgin injection and Gentamicin 280 mg, which had long been banned by the agency in a magnificent two-storey plaza filled from top to ground floors!

This is coming barely 5-months (August 20, 2024) after some patent medicine dealers in the market, under the aegis of EKUMI Plaza Patent Medicine Dealers Association (EPPMDA), claimed to have purged themselves from stocking expired and fake medicines, by voluntarily handing over some counterfeit and expired medicines, estimated to about ₦50million to the food and drugs regulatory agency for destruction.

An action that is in line with the order of the Federal Government, represented by NAFDAC to ensure that expired and unwholesome drugs are removed from the market for the safety of consumers.

COMMENT: EPPMDA’s action in the preceding paragraph has proved to be DIVERSIONARY but the government agency which had its plain cloth operatives on ground had beaten them to their GAME OF DECEIT!

In a Press Interview with the News Agency of Nigeria (NAN), NAFDAC Director of Investigation and Enforcement, Mr. Shaba Mohammed said that simultaneous operations conducted at the IDUMOTA OPEN DRUGS MARKET in Lagos State alongside ONITSHA AND ABA, would rid the country of counterfeit and substandard medicines.

 The Director also, told the Media during the enforcement exercise on Tuesday that the Lagos Market was sealed on Sunday.

He said It was sealed alongside the Ariaria drug market in Aba, Abia State and the Onitsha drug market in Anambra State.

POLITICAL INTERVENTION BY PETER OBI IS DANGEROUS PRECEDENCE!

During the ABA RAID, the entire shopping complex which had to be closed down for one week to fish out the culprits attracted orchestrated sundry protests from the traders and some politicians. Prominent among them was Peter Obi the unsuccessful Labor Party Candidate at the 2023 Presidential Election who physically visited the SHUT MARKET in solidarity with affected traders. It is unfortunate that human lives in Nigeria have no value when it comes to presidential politics which is an aberration to a developing country like Nigeria!

DEFENDING THE INDEFENSIBLE!

Responding to the protests of Aba Traders, Peter OBI who was opposed to the total closure of the market due to wholesale relabeling and merchandising of both expired and fake drugs faulted NAFDAC officials for closing down the entire Market!

Obi’s Operational Code suggests the following steps:

Isolate the identified building that have run foul of the law,

Carry out your investigation in such areas only to avoid depriving other unaffected traders of their DAILY BREAD!

According to him there were PLUMBERS and others who do not market drugs!

Peter Obi’s visit was no doubt a political stunt towards another shot at the presidential seat in 2027, trusting that he garner large votes from that region!

The lofty and prestigious position of the presidency only matter to avaricious and greedy Nigerian Politicians!

Did Peter Obi ponder that the entire Aba Market is a Cartel of all shades and characters in illegal dispensation of fake drugs to innocent citizens ?

Did he introspect that those Plumbers and other ancillary traders in the market were all collaborative in the marketing of the death drugs?

Should he not have thought that those other traders and their shops were fronting for the drug barons and that they were actually part and parcel of the illicit market?

Peter Obi was hailed but NAFDAC stood it’s ground. Ensured evacuation for destruction of fake drugs, made necessary arrests across the three States of Operation!

NIGERIANS CONDEMN CORRUPTION BUT DEFEND CORRUPT LEADERS – EFCC CHAIRMAN. 3rd February 2025.

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has said some Nigerians complain of corruption but support corrupt leaders in various ways when they are prosecuted.

While addressing officials of the Centre for Crisis Communication led by one Chris Olukolade, the EFCC boss pointed out the contradiction in public attitude, nothing that while Nigerians decry corruption, they often support and defend corrupt leaders when they are prosecuted.

“Everybody is crying that Nigerians are corrupt, that the system is corrupt, that corruption is killing us and destroying our system, but when we investigate high profile cases and arraign people in court, the same people will carry placards and be supporting corrupt leaders.

It doesn’t show that we are serious about this fight, the fight is supposed to be a collaborative effort, he said.

Olukoyede noted that the fight against corruption required collaboration between the government and the citizens, adding that true progress requires a collective commitment to integrity and accountability.

He stated that corruption remained the biggest obstacle to national development.

One of the major problems in Nigeria which when tackled, will make under-development a thing of the past, is corruption and financial crimes, he said.

Olukoyede reiterated the EFCC’s commitment to combating financial crimes within the ambit of the law and called for greater public collaboration in the fight against corruption”.

Were not all the Presidential Candidates during the 2023 Election Adjudged to be corrupt?

 How many of them up to now have declared their assets and liabilities?

 Do they not all have illicit monies stashed they were in dubious foreign accounts overseas?

 The bane of the Nigerian Society is CORRUPTION and the solution to bad governance is TOTAL RIGHTEOUSNESS which can only be achieved through a credible UNICAMERAL PARLIAMENTARY SYSTEM OF GOVERNMENT!

Mr. Tinubu is finding it difficult to bow to the wishes of the CITIZENS and the PATRIOTS who have demanded for a NEW PARLIAMENTARY CONSTITUTION THROUGH POPULAR REFERENDUM . If he’s not a corrupt leader why should he find it difficult to implement such a very laudable type of acceptable government that will totally eradicate CORRUPTION?

Tinubu, you have no choice than to do the WILL OF GOD FOR THE NIGERIANS!

THE CONSEQUENCE OF DISOBEDIENCE IS DESTRUCTION!

[EXPECT A PRIME MINISTER IN NIGERIA NOW!]

Please look forward to more divine revelation in the next edition of Zion B-BC Newsletter as you share this with friends and remain blessed in the Lord. [For weekly access, to this newsletter, log on to: facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,

Please look forward to divine revelations in The Sure Word Gospel Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly Politicking For World Peace, and The Wedding Mascot Died

If you have not accepted the Lord Jesus Christ as your personal Lord and Saviour, don’t miss this great opportunity as you pray this prayer: Lord Jesus; I confess that I am a sinner who needs to be saved through the grace of the New Testament in your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and personal Saviour. Please forgive me and write my name in the Book of Life. Amen. If you prayed this prayer, you have been admitted into the family of sons and daughters of God, who are born-again. Congratulations!

I am yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.

WHO SHOULD GO TO HELL - NUHU RIBADU OR CANADA?

   ZION B-BC

 NEWSLETTER.

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 14. NO 591. 16th Feb 2024} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

WHO SHOULD GO TO HELL - NUHU RIBADU OR CANADA?

National Security Adviser (NSA), Mallam Nuhu Ribadu, on Thursday, 14th February 2025, told the Canadian High Commission in Nigeria “to go to hell” after its embassy , allegedly “denied” issuance of Visas to some Officers of Nigeria’s Military High Command, including the Chief of Defense Staff (CDS), Christopher Musa.

“Every disappointment is a blessing. Yesterday, I was meant to be in Canada. There’s an event to honor our veterans, those who were injured during battles and we were meant to be there, but here I am

That very undiplomatic outburst was Ribadu’s reaction to the alleged incident as related by the CDS, at the maiden annual lecture of the National Association of the Institute for Security Studies (AANISS), at which he was in attendance.

For flash anger to ignite the temperament of a high-ranking officer of his caliber in respect of an unresolved diplomatic engagement, speaks volumes of a flawed process through which he was initially recruited.

Such disrespectful vituperation against Canada, a Sovereign Nation which for decades had enjoyed cordial, diplomatic, military, economic and cultural relations with Nigeria, was most uncalled for!

And whereas it was yet to be ascertained that the entire Visa transaction was a “denial” because half of the Military Delegation were granted Visa and were already in Canada!

This development is a very clear exposure to the unpreparedness of successive Nigerian Presidents which We have elucidated in several past Editions of the Zion B-BC NEWSLETTER!

How can Alhaji Tinubu SADDLE A POLITICIAN with such an onerous, professional and strategic Office of National Security Adviser especially when Nigeria suffers negative International Index Tag of the “MOST INSECURE”, while thorough Defense Academy Generals are laid waste!

RIBADU throughout his Police career and even as the Economic Financial Crimes Commission’s helmsman, was never engaged in combatant activities – he did not even pass through the trenches of the Mobile Police Force Training Camps,!

He was an administrative officer all through and later joined the bandwagon of desperate POLITICAL JOBBERS since retirement!

OUR PAST CRITICISMS in respect of the fact that Ribadu was unfit and unworthy to occupy that strategic and very sensitive office have been proven correct!

Below are excerpts from Ribadu’s profile:

Ribadu (mni), is a Nigerian politician, barrister and retired police officer who is currently serving as the National Security Adviser to Nigerian President Bola Tinubu. Ribadu ran unsuccessfully for office of the President of Nigeria in 2011 having failed in his bid for the Adamawa Governorship seat on the platform of the Action Congress.

Born on 21st November 1960 in Yola, Adamawa State, he was educated at the Ahmadu Bello University, and The Nigerian Law School and currently a member of the ruling All Progressives Congress.

His father, Ahmadu Ribadu, was a First Republic Member of Parliament, and Ambassador to Niger, during the military regime of Muhammadu Buhari.

Political, religious and ethnic consideration had always played obnoxious roles in appointments to administrative positions in Nigeria – military or democratic.

It is on record that RIBADU is the first NSA without military training or background!

TINUBU’S ADMINISTRATION HAS WITNESSED THE WORST INSECURITY SCENARIO IN NIGERIA SINCE 1999!

Data shows 614,937 victims killed in Nigeria from insecurity in One Year.

National Bureau of Statistics (NBS), says deaths recorded from May 2023 to April 2024!

[Kabir Adeniyi -19.12.2024]

Nigeria Bureau of Statistics Report:

“Nigeria recorded more than 600,000 deaths from insecurity between May 2023 and April 2024, according to data by the National Bureau of Statistics (NBS).

The report, released late Wednesday (18th December 2024), with users having a difficult time accessing the website because of a hack, said no fewer than 614,937 people were killed nationwide as the banditry-ravaged northwest saw the highest figure with 206,030.

It was followed by the northeast with 188,992, while the least was recorded in the southwest at 15,693, according to the report.

“The report is accurate, and it is from NBS. While I cannot speak specifically on the reasons for the high number, I can confirm that the data is accurate,” NBS spokesperson Sunday Ichedi confirmed to Anadolu on Thursday.

The NBS added that 2,235,954 Nigerians were kidnapped and a total of (N2,231,772,563,507 ($1,438,040,707.01) was paid in ransom.

Nigeria is facing multiple security challenges in different regions. While the country is battling a Boko Haram insurgency in the northeast, banditry and kidnapping are high in the northwest.”

NB: The Tinubu Administration tried to “KILL” the NBS Authentic Report But Failed!

WE OF THE EDITORIAL BOARD OF THE ZION B-BC NEWSLETTER WITH ALL SENSE OF RESPONSIBILITY, CONVICTION AND PROBITY DECLARE AND CONFIRM THAT THE NBS IS THE MOST RELIABLE AND AUTHENTIC GOVERNMENT AGENCY WHICH HAS RESISTED CORRUPTION FROM INCEPTION AND IS WITHOUT BLEMISH!

In corroboration to our assertion, please read the following Press Statement by Elder Statesman and former Vice President of Nigeria, Alhaji Atiku Abubabar on the consistent authentic reports regularly released by the National Bureau of Statistics (NBS).

“INSECURITY: DON’T POLITICIZE NBS REPORTS, ATIKU WARNS FG. -20th December 2024.

EXCERPTS.

* Atiku Abubakar, warned that politicizing the data from the National Bureau of Statistics would be counterproductive.

* He emphasized the importance of accuracy in data and statistics for development purposes.

* He stated that the coincidence of a so-called hack, coming only shortly after the release of damning stats on security, is suspicious and

* That Citizens may be brainwashed to assume that every stats released by the Bureau is an outcome of a hack!

RIBADU SHOULD HAVE EXHIBITED HIGH LEVEL DIPLOMACY!

But in spite of the GLARING INDICTMENT of Mr. Ribadu’s (NATIONAL SECURITY ARCHITECTURE), JUST IN DECEMBER 2024, in the preceding report which sordid revelation in facts and figures cannot be faulted, Nigerians would have expected him to keep a LOW AND HUMBLE PROFILE AND RE- “STRATEGIZE”?

He should have treaded softly because the Office of the NSA has no business with Visa procurement! BUT IN FEBRUARY 2025 HE THREW CAUTION INTO THE WIND AND PUBLICLY COMMANDED A SOVEREIGN NATION TO “GO TO HELL!”

In a saner clime, Ribadu would have been FIRED “AND GONE TO HELL”, but that was not going to happen with a President like Bola Tinubu WHO IS NEVER ON SEAT to fix neither the economy he bastardized through NUMEROUS POLICY SOMERSAULTS OF 20 MONTHS NOR THE OUTRAGEOUS INSECURITY SITUATION IN NIGERIA!

If this diplomatic blunder is not quickly and properly managed the cordial relationship between CANADA AND NIGERIA might be irreparably damaged!

 That Visas were denied to the CDS and some other senior military officers, who intended to visit the North American country for an official engagement, still remain allegations and assumptions since investigation was yet to be concluded!

The Ministry of External Affairs which directly handles all such transactions on behalf of the Federal Government is yet to issue any public statement on the CDS’s complaint and as such, no conclusion should be hastily deduced.

NIGERIA CANADA TRADE RELATIONSHIP.

Canada is one of world’s top trading nations – and one of its richest. It has vast oil reserves and is a major exporter of energy, food and minerals.

Canada and Nigeria have a significant trade relationship, with Canada exporting vehicles, fertilizers, and wheat to Nigeria, and Nigeria exporting crude oil, cocoa, and soybeans to Canada.

Exports from Canada Wheat, Potassium fertilizers, Cars, Cereals, Vehicles and Equipment.

Exports from Nigeria Crude petroleum, Cocoa beans, and Soybeans.

In 2023, Canada exported $579.7 million to Nigeria while it imported $3.0 billion from Nigeria in the same year. Nigeria has always been Canada’s largest trading partner in Africa.

Canada and Nigeria have agreed to work together to increase their trade to $6 billion dollars.

The Nigerian-Canada Bi-national Commission and an investment forum have been established to strengthen trade and investment through priority sectors, of Oil and gas, Agriculture, Creative economy, Fintech, and Manufacturing.

Canadian firms have been involved in the privatization of Nigeria’s power sector and a bilateral relationship that includes trade, investment, and education.

Canada is a parliamentary democracy and constitutional monarchy in North America, a developed country with a high per capita income and one of the world’s top trading nations.

There is an annual flurry of Nigerians who travel to Canada e to seek for GREENER PASTURE!

Nigerian CITIZENS expect Mr. Tinubu to SHUT Ribadu ‘s VERY BIG MOUTH by kicking him out of his Cabinet AND MEND DIPLOMATIC FENCES WITH CANADA!

“As stitch in time saves nine”!

[EXPECT A PRIME MINISTER IN NIGERIA NOW!]

Please look forward to more divine revelation in the next edition of Zion B-BC Newsletter as you share this with friends and remain blessed in the Lord. [For weekly access, to this newsletter, log on to: facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,

Please look forward to divine revelations in The Sure Word Gospel Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly Politicking For World Peace, and The Wedding Mascot Died

If you have not accepted the Lord Jesus Christ as your personal Lord and Saviour, don’t miss this great opportunity as you pray this prayer: Lord Jesus; I confess that I am a sinner who needs to be saved through the grace of the New Testament in your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and personal Saviour. Please forgive me and write my name in the Book of Life. Amen. If you prayed this prayer, you have been admitted into the family of sons and daughters of God, who are born-again. Congratulations!

I am yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.

TINUBU SHOULD RE-POSSESS "UNGOVERNED SPACES" FOR AGGRESSIVE AGRICULTURE!

   ZION B-BC

 NEWSLETTER.

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 14. NO 590. 9th Feb 2024} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

TINUBU SHOULD RE-POSSESS "UNGOVERNED SPACES" FOR AGGRESSIVE AGRICULTURE!

From the period of ex-President Goodluck Jonathan's administration (2010-2015), to date "un-governed spaces" in Northern Nigeria had been a re-current phenomenon!

When ex-president Muhammadu Buhari took over the mantle of leadership in 2015 he was quick to confess that some un-governed spaces existed in the northern parts especially in the North East and that within few months to the end of that year he was able to dislodge insurgents from 17 Local Government Areas (LGAs)!

But throughout his eight-year tenure, bandits operated freely in those "RE-CLAIMED LGAs" and in 19 months of the current administration of Alhaji Ahmed Bola Tinubu, ungoverned spaces have increased by leaps and bounds! Food insecurity constitute major catastrophe when non-state actors hold free rein in a land, subject innocent inhabitants hostage, prevent them from farming without their permission and also deploying them as human shields when under security agents attacks!

In 2020, Buhari orchestrated propaganda machinery that Nigeria attained the FOOD SECURITY STATUS and organized MASSIVE "RICE PYRAMIDS" at the Federal Capital Territory (FTC), to convince the Citizens to no avail! But the claim turned out to be a HOAX! Below are excerpts of a November 2024 Report on Nigeria by the UNWFP before President Donald Trump signed an Executive Order to STOP all forms of Foreign Aids to African Nations, including Nigeria!

REPORT BY UNITED NATIONS WORLD FOOD PROGRAM (UNWFP).

1) "4.4 million people are food insecure in Northeast Nigeria;

2) "37% of people nationwide live below the poverty line;

3) "2.2 million people were internally displaced in Borno, Yobe and Adamawa states.

""With over 220 million people, Nigeria is the most populated country in Africa and the sixth in the world. It is the tenth-largest producer of crude oil in the world and achieved lower-middle-income status in 2014. "However, around 84 million Nigerians, representing about 37 percent of the total population, live below the poverty line.

"Conflict and insecurity, rising inflation and the impact of the climate crisis continue to drive hunger in Nigeria – with 26.5 million people across the country projected to face acute hunger in the June-August 2024 lean season. This is a staggering increase from the 18.6 million people food insecure at the end of 2023.

"Conflict in the North East region has displaced 2.2 million people and left another 4.4 million food insecure in Borno, Adamawa and Yobe states. Three million of them are in Borno State, the epicentre of insurgency. Nigeria is subject to periodic droughts and floods. This has had an adverse impact on agricultural output and increased the vulnerability of populations, especially in rural areas.

"Insurgent activities have added pressure to a fragile resource environment, deepened insecurity, hampered development, and heightened the food and nutrition insecurity of vulnerable women and children.

"The World Food Programe is prioritizing its operations to reach 1.1 million vulnerable people every month in Northern Nigeria. Those receiving assistance include displaced people living in camps or host communities, as well as vulnerable members of host communities and people returning home after months of displacement.

"WFP uses either food or cash transfers to support displaced people living in camps or with host communities, as well as vulnerable host populations.

"With diminishing resources, WFP is prioritizing its operations to reach 1.1 million vulnerable people every month in Northern Nigeria.

"Additional reports from UNP also stated that a staggering 33 million people will face acute food insecurity in Nigeria in 2025, with the number of people facing emergency levels of need projected to almost double.

"Nationally, the number of people experiencing Emergency levels (Phase 4) of food insecurity is projected to increase from 1 million people in the peak of the 2024 lean season to 1.8 million people at the same period in 2025, representing a worrying 80 percent rise."The Report also stated that Nigeria grappled with economic hardship, coupled with record high inflation (which reached 40.9 percent for food, and 34.2 percent for all items in June 2024), which was a record increase in food prices amid record high transportation cost!

According to the National Bureau of Statistics (NBS), the price of beans in October 2024 was 282 percent above the same period in 2023. Similarly, the price of local rice rose by 153 percent compared to October 2024.

 

These economic shocks resulted in the continuous devaluation of the local currency (Naira) against the United States Dollar (USD), external economic factors, and last year’s policy changes on discontinuation of the fuel subsidy.

CONSECUTIVE ADMINISTRATIVE PROPAGANDA TO DEBUNK EXISTENCE OF UNGOVERNED SPACES HAVE WOEFULLY FAILED!

Non-State Actors presently constituted majorly by Boko Haram Terrorists, Armed Fulani Herdsmen, Kidnappers, Bandits, Mineral Wealth Hunters, Gunmen and the horde of Crude oil Bunkerers in the Niger Delta Region, thrived successfully due to orchestrated institutional CORRUPTION which was foisted through the ACCURSED PRESIDENTIAL SYSTEM FORCED ON THE DEVELOPING NATION BY THE NIGERIAN ARMY SINCE 1999! For example, the lingering conflict in Zamfara, North West Nigeria, has been associated with vicious rivalry over illegal extraction of gold deposits.

In spite of the fresh attention outside of CRUDE OIL, the Buhari/Tinubu Administrations woefully failed to sanitize the Mine Fields because of complicity by Security Agents deployed to the area! Nigeria which has porous borders around the Lake Chad Basin and Niger to the North West, had consistently experienced frequent attacks from non-state actors including terrorists, bandits, kidnappers and criminal herdsmen from those regions between 2009-2025! ‘Ungoverned Spaces" exist because of government's logistics failure in the provision of adequate security manpower. In Nigeria for instance, these enemies of State collect taxes, administer the authority of the local council areas in all economic and judicial functions unhindered in more than twenty years!

A new Group, code- named, "LAKURAWA," which holds sway in the North West, Sokoto and Kebbi States is resisting the Nigerian Army engagements to re-possess the area! All of the above nefarious activities have been responsible for the food shortage before BOLA TINUBU 'S BOMBSHELLS OF 29TH MAY 2023 WHICH FURTHER COMPOUNDED AN ALREADY WORST SCENARIO THAT VIRTUALLY TURNED THE GOOD PEOPLE OF NIGERIA TO DESTITUTES IN THEIR GODLY-ENDOWED COUNTRY FLOWING WITH UNHARNESSED MILK AND HONEY!

AND PRESIDENT TINUBU IS NEVER AT HOME TO TACKLE THE UNRESOLVED MYRIADS OF ECONOMIC JIG-SAWS HE SUPER-IMPOSED ON NIGERIANS!

1) He departed Nigeria for FRANCE on Wednesday 5th February 2025, enroute his journey to attend an African Union (AU) Meeting in Ethiopia, Addis Ababa, beginning on Wednesday 12th February 2025! In Addis Ababa, President Tinubu will join African leaders at the 46th Ordinary Session of the Executive Council and the 38th Ordinary Session of the Assembly of the AU Heads of State, scheduled from February 12th to 16th, 2025.While in France, President Tinubu will meet with his French counterpart, President Emmanuel Macron. Can anyone explain Tinubu's penchant for FRANCE? PRESIDENT BOLA TINUBU HAS TRAVELED OUTSIDE OF NIGERIA FOR UP TO 36 TIMES! QUESTION: Can't Mr. President come out clean on his health condition? Is he not HUMAN?

2) In the meantime, the Naira keeps depreciating at the Exchange Market - presently N1,600 to 1US Dollar !

3) Boko Haram Terrorists and armed Fulani Herdsmen are getting more daring in their attacks on innocent Citizens,!

4) Fuel- laden PETROL TANKERS keep falling off the highways for PMS SCOOPERS to be dispatched to early graves from ensuing inferno!

5) Most Highways across the Six Geo-Political Zones have been taken over by non-state actors who kidnap commuters without resistance from security agents who complain daily of INADEQUATE MAN POWER! Etc.

TINUBU SHOULD STAY AT HOME TO SECURE THE COUNTRY HE BRAZENLY CLAIMED WAS HIS TURN TO RULE!

FOR STARTERS, WE SUGGEST AS FOLLOWS:

1) He should spearhead aggressive agricultural revolution across the 36 States, including the FCT.

2) Dispose all aircrafts in the Presidential Fleet immediately and commit the proceeds to offset part of the humongous national debt profile of USD$88.892.43 billion dollars as at September 2024!A DEBTOR PRESIDENT LIKE TINUBU DOES NOT DESERVE A LUXURIOUS LIFE -STYLE AT THE EXPENSE OF THE TEARS, BLOOD AND SWEAT OF NIGERIAN TALAKAWAS!

3) HE SHOULD WITHOUT FURTHER DELAY FORWARD THE PRESIDENTIAL BILL FOR A UNICAMERAL (ONE HOUSE) PARLIAMENTARY CONSTITUTION TO BE VETTED THROUGH REFERENDUM!

All his economic and security policies have FAILED! He should accept defeat and do the needful!

Time is of essence!

[EXPECT A PRIME MINISTER IN NIGERIA NOW!]

Please look forward to more divine revelation in the next edition of Zion B-BC Newsletter as you share this with friends and remain blessed in the Lord. [For weekly access, to this newsletter, log on to: facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,

Please look forward to divine revelations in The Sure Word Gospel Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly Politicking For World Peace, and The Wedding Mascot Died

If you have not accepted the Lord Jesus Christ as your personal Lord and Saviour, don’t miss this great opportunity as you pray this prayer: Lord Jesus; I confess that I am a sinner who needs to be saved through the grace of the New Testament in your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and personal Saviour. Please forgive me and write my name in the Book of Life. Amen. If you prayed this prayer, you have been admitted into the family of sons and daughters of God, who are born-again. Congratulations!

I am yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.

AN OBEDIENT TINUBU MAY BECOME PRIME MINISTER IN 2027!

   ZION B-BC

 NEWSLETTER.   

 

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria.  {Vol. 14. NO 589. 2nd Feb 2024} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

 

AN OBEDIENT TINUBU MAY BECOME PRIME MINISTER IN 2027!

Presidency in Nigeria has become odious, stale, uninspiring and completely outdated!

From inception in 1999, when the new democratic order was introduced, occupiers of the exalted office from one administration to another in 24 years, came on board unprepared!

The most recent, Alhaji Bola Tinubu, shocked the global community when he shouted from the rooftop in his native dialect that it was his turn to administer or rule over Nigeria – the most populous country in Africa, South of the Sahara.

“Emilokan” (meaning, “It is my turn”), was the popular jingle which resonated the entire landscape of the country throughout the campaign period into his eventual election and investiture on 29th May 2023!

And he wasted no time to confirm our postulation that all he desired like his predecessors was the prestigious title and not the meticulous and cerebral discharge of the high profile duties attached to the exalted office through his policy gaffes which completely derailed all economic fortunes of the nation!

IT'S BEEN NINETEEN MONTHS OF SELF- IMPOSED ECONOMIC HARDSHIP ON THE CITIZENS!

The following assessments should be regarded as the midterm compilation of the myriad of economic woes forced on the population but which can still be reversed!

According to the National Bureau of Statistics (NBS), Nigeria’s economy has seen growth in some areas, but has also faced inflation and other challenges. 

GROWTH.

In the first quarter of 2024, Nigeria’s Gross Domestic Product (GDP) grew by 2.98% year-on-year. This was higher than the 2.31% growth in the same quarter in 2023. 

In the fourth quarter of 2023, Nigeria’s GDP grew by 3.46% year-on-year. This was higher than the 2.54% growth in the third quarter of 2023. 

The services sector contributed the most to GDP growth in the first quarter of 2024, accounting for 58.04% of the total. 

[All of the recorded “growths” are infinitesimal when juxtaposed with transportation challenges inflicted on the population through the unilateral removal of the SUBSIDY from 29th May 2023!]

INFLATION!

In January 2024, Nigeria’s headline inflation rate was 29.90%. This was higher than the 28.92% rate in December 2023.

As of December 2024, Nigeria’s inflation rate was 34.80%. This is part of a period of rising inflation in Nigeria, which has been accompanied by a cost-of-living crisis. 

BREAKDOWN.

In January 2023, Nigeria’s inflation rate was 21.82%, which was a 0.47% increase from December 2022. 

In June 2023, Nigeria’s inflation rate was 22.79%, which was a 0.38% increase from May 2023. 

In September 2024, Nigeria’s inflation rate was 32.70%, which was an increase from August 2024. 

Some of the items that have seen price increases in Nigeria include: 

Food, such as tomatoes, beans, groundnut oil, potatoes, and vegetable oil

Fuel and gas, such as diesel, gasoline, and cooking gas

Other items, such as clothing, footwear, non-alcoholic beverages, housing water, electricity, and other fuel related items.

OTHER CHALLENGES.

The oil and gas sector has faced negative growth rates in recent years. 

The agriculture sector has been affected by flooding. 

The employment situation in Nigeria has been monitored by the NBS using the National Labor Force Survey (NLFS). 

BUT THERE IS AN ALTERNATIVE OPEN TO PRESIDENT TINUBU – ONE-HOUSE PARLIAMENTARY SYSTEM OF GOVERNMENT!

On 9th August 2024, former Secretary General of the Commonwealth, Chief Emeka Anyaoku and other Patriots requested an executive bill for a national constituent assembly to draft Nigeria’s new constitution.

Group of Nigerian statesmen, The Patriots, has urged President Bola Tinubu to convene a constituent assembly to draft “a people democratic pluralistic constitution” for the country.

This came as the group, led by former Secretary-General of the Commonwealth, Emeka Anyaoku met with the president at the Aso Rock Villa, Abuja.

Anyaoku, who addressed State House correspondents after the meeting, urged the president to forward an executive bill to the National Assembly to legislate on a national referendum that will approve the draft constitution.

He said the 109-member constituent assembly should be mandated to produce the draft constitution to be subjected to a referendum.

This referendum, he argued, will give legitimacy to the new constitution.

“We put some proposals to Mr. President and we urged him to send a president’s executive bill to the National Assembly, a bill that will call for two essential measures.

“One, the convening of a National Constituent Assembly, to be mandated to produce a new draft constitution. We suggested that such a National Constituent Assembly should consist of individuals elected by the people on a non-party basis.

“Say, for example, three individuals per state, per each of the 36 states and one from the Federal Capital Territory and they should be mandated to produce a new draft constitution,” he explained.

Anyaoku premised this proposal on the argument that Nigeria needs a pluralistic constitution to tackle its development challenges.

Citing Yugoslavia, Czechoslovakia and Sudan, he noted that countries that failed to manage their pluralism through a federal constitution are on course for eventual disintegration.

He said countries such as India and Canada, with pluralistic constitutions, have remained resilient.

The former Commonwealth helmsman explained, “Nigeria, we affirmed to Mr. President, is a pluralistic country. And you all know that pluralistic countries exist all over the world.

“Those of them who addressed their pluralism by having true federal constitutions have survived. An example is India and Canada.

“But pluralistic countries that failed to address their basic challenge of pluralism through a federal Constitution have ended up disintegrating. Examples of that are Yugoslavia, Czechoslovakia, and Sudan, here in Africa.”

On the #EndBadGovernance protest, The Patriots urged Tinubu to dialogue with the leaders.

They also advised law enforcement agencies to avoid using lethal weapons on protesting civilians.

WE, MEMBERS OF THE EDITORIAL BOARD OF THE ZION B-BC NEWSLETTER HAVE CANVASSED THIS ALTERNATIVE FROM 2013 THE DATE!

The following gains stand out in favor of Mr. Tinubu, if he acted before the deadline of 29th May, 2025;

1) His unpopular image may be partially repaired.

2) The moment the executive bill is forwarded to the National Assembly all economic indices would appreciate favorably and inflation figures will drop drastically.

3) Tinubu who was obsessed in serving two terms could still be given an opportunity to contest as PRIME MINISTER in 2027!

4) This time around, if re-elected, he would be prepared to sit tight and deliver dividends of One-House Parliamentary Democracy along with Opposition Parliamentarians on weekly basis as there would no further globe,-trotting!

5) He would adjust to PRUDENCY which would be the Hallmark of the new Parliamentary System!

BOLA TINUBU IS GOOD TO GO AS THE PRIME MINISTER IN 2027 IF GOD PERMITS!

[EXPECT A PRIME MINISTER IN NIGERIA NOW!]

Please look forward to more divine revelation in the next edition of Zion B-BC Newsletter as you share this with friends and remain blessed in the Lord. [For weekly access, to this newsletter, log on to:  facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,

Please look forward to divine revelations in  The Sure Word Gospel Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly Politicking For World Peace,  and The Wedding Mascot Died

If you have not accepted the Lord Jesus Christ as your personal Lord and Saviour, don’t miss this great opportunity as you pray  this prayer: Lord Jesus; I confess that I am a sinner who needs to be saved through the grace of the New Testament in your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and personal Saviour. Please forgive me and write my name in the Book of Life. Amen. If you prayed this prayer, you have been admitted into the family of sons and daughters of God, who are born-again. Congratulations!

I am yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.

MR. PRESIDENT SHOULD HAVE PURGED NNPCL INSTEAD OF REMOVING FUEL SUBSIDY!

   ZION B-BC

 NEWSLETTER.   

 

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria.  {Vol. 14. NO 588. 26th January 2024} “…ONLY The Truth, Will Set You Free! (John.8:32).  PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

 

MR. PRESIDENT SHOULD HAVE PURGED NNPCL INSTEAD OF REMOVING FUEL SUBSIDY!

The Auditor General of the Federation of Nigeria of Nigeria has released a very damning and indicting report in respect of several financial infringements by the Nigerian National Petroleum Corporation Limited (NNPCL) running into Trillions of naira within four years 2017 to 2021.

And whereas, President Bola Tinubu, on his inaugural podium on 29th May 2023, unilaterally jettisoned fuel subsidy to create additional avenue for corporate robbery of the common patrimony within the NNPCL FOUR TOWERS OF CORRUPTION!

Excepts of the Auditor General’s voluminous report:

How NNPCL diverted N2.68tn, $9.77m, shunned probe invitations – Sunday Punch Report. 12th January 2025.

“Amid its controversial financial dealings that have negatively impacted the nation’s financial standing, the Nigerian National Petroleum Company Limited has been accused by the Auditor-General of the Federation of diverting a total sum of N2.68tn and $9.77m in the last four years.

“Findings by Sunday PUNCH using the Auditor-General’s annual reports published between 2017 and 2021 showed that N1.33tn was diverted in 2017, N681.02bn in 2019, N151.12bn, ($19.77m) in 2020 and N514bn in 2021 amounting to N2.68tn and $19.77m over four years.

“The reports, which were submitted to the National Assembly, indicated that there were violations of the Constitution of the Federal Republic of Nigeria and the 2009 Act of Financial Regulations.

Checks by PUNCH correspondents also revealed that the national oil firm, while disregarding good corporate governance practices, did not provide any response or justification for the infractions raised by the auditor general within the review period.

And while the Auditor General was busy probing NNPCL Accounts, the Corporation clandestinely released the following report of that it is a profitable venture!

NNPCL LATEST AUDITED REPORT:

NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3. 297trn at the close of the financial year that ended in December 2023, an increase of over N700bn (28%) compared to the 2022 profit, with a view to pre- emptying the Auditor General’s Report covering the period from 2017-2021!

In addition to all of the above, there was also a report by Nigeria Extractive Industries Transparency Initiative (NEITI), of Nigeria’s total dependence on imported petroleum products and that the Federal Government spent a whopping N15.8 trillion on fuel subsidy between 2006 and 2023, with NNPCL in the lead as major importer!

PRESIDENT TINUBU PLACED THE CART BEFORE THE HORSE!

[Tinubu protested in 2012 but can’t stand planned 2024 demonstration.]

2012 protest - Source:Nairaland.

Economy Post.

“CITIZEN Bola Tinubu joined the famous 2012 protest against President Goodluck Jonathan’s petrol subsidy removal, but he has invested energy in ensuring the imminent #EndBadGovernance demonstration does not come to fruition.

“On January 2, 2012, Mr Tinubu joined the Occupy Nigeria protest to force President Jonathan to rescind his decision to raise premium motor spirit (PMS) or petrol price from N87 to N145. Former Nigerian Labour Congress President, Mr Adams Oshiomole; former President Muhammadu Buhari; Nobel Laurette, Prof Wole Soyinka; former APC Chairman, Mr John Oyegun; former Kaduna State Governor, Nasir El-Rufai, among many others, were all part of the protest.

“During the demonstration, Mr. Tinubu had accused President Jonathan of breaking the social contract with the people, which he personally signed, noting that President Jonathan must not remove petrol subsidies.

“Government must modify the sudden and complete removal of the subsidy. Either we restore the subsidy or use the funds for other social purposes,” Mr Tinubu said on January 11, 2012, during the protest.

“If we are to use the funds for other programmes, these programmes shall be placed on parallel track with the subsidy. As more of these programmes are ready to go on line, then the subsidy can be lifted in phases. In this way, the public is assured government will not lower its total expenditure on their behalf, thus maintaining the spirit central to the social contract.”

CHANGE OF COURSE AFTER BEING PRESIDENT!

“Eleven years after these comments, Mr Tinubu became President of Nigeria, winning the controversial 2023 presidential election. However, he has done exactly what he accused former President Jonathan of, removing petrol subsidies that had kept fuel at less than N200 per litre.

“He had announced that “subsidy is gone” on the day of his inauguration on May 29, 2023. Despite that, he still pays PMS subsidies even as a litre of fuel has now exceeded N600.

“In 2012, Nigeria’s subsidy payment stood at N1.35 trillion, according to the defunct Petroleum Products Pricing Regulatory Agency (PPPRA). In 2023, under President Tinubu, the nation paid N3.6 trillion in petrol subsidies and will spend N5.4 trillion in 2024 despite denials by government officials. Yet PMS price is nearly N700 per litre at several filling stations.

“Even with high petrol prices, scarcity has not abated. As at the time of publishing this story, several petrol stations in Abuja, Lagos, Port Harcourt, Onitsha and Ibadan, among others, have no PMS.

“Black market operators sell a litre of petrol at N1200 to N1,500 across the country.

WORLD BANK’S ASSESSMENT OF NNPCL!

The NNPCL has been regarded by the World Bank (WB) and other international organisations as an opaque company due to the limited transparency in its financial dealings.

The World Bank, in its Nigeria Development Update, December 2023 edition, said NNPCL’s opaqueness extends to subsidy arrears that were still being deducted and the impact of subsidy removal on federation revenues.

FORMER CENTRAL GOVERNOR LAMIDO SANUSI INDICTMENT OF NNPCL!

Former governor of the Central Bank of Nigeria, Sanusi Lamido, from June 2009 to February 2014, first adjudged the NNPC as the “most opaque oil company in the world.”

The vocal economist slammed the NNPCL for allegedly failing to remit enough forex into government coffers.

He also knocked the national oil company for keeping its many joint ventures, oil-backed loans and other shared production arrangements away from Nigerians.

A breakdown showed that the oil firm was accused of 14 financial infractions ranging from unauthorized deductions worth N1.33tn from the Federation Account, discrepancies of N663bn transferred to the Federation Account, non-production of complete information on allocation of crude oil to refineries, non-adherence to payment of all revenue to the federation account, incomplete report of losses of crude oil amongst others.report noted.

CALCOL, CISLAC DEMAND SANCTIONS!

Commenting on the infractions, the Centre for Anti-Corruption and Open Leadership (CALCOL), described the NNPCL as a hub of institutional corruption, alleging that powerful interests within and outside the government had shielded the organisation from accountability.

CACOL’s Executive Director, Debo Adeniran, lamented that despite the enactment of the Petroleum Industry Act (PIA), aimed at decentralising and unbundling the NNPCL, the company’s operations remained opaque and rife with allegations of corruption.

According to Adeniran, the NNPCL has always been a source of liquid enrichment for government officials, even before it was converted into a limited liability company.

“The operations of the NNPCL have always been shrouded in secrecy. Even the Petroleum Industry Act has not helped. Despite all the noise about decentralisation and unbundling of the NNPCL, nothing has materialised.

“It is the strongest cabal in Nigeria. All the powerful elements in government and MDAs work in concert with those managing the NNPCL’s accounts, perhaps due to gratification.

“Even the anti-corruption agencies find it difficult to probe the NNPCL. A couple of attempts were made by the ICPC and EFCC in the past, but they have not been able to uncover anything. There must be something shielding the NNPCL from exposure for its corruption crimes,” Adeniran said.

He alleged that the cooperation operated as Nigeria’s most powerful cabal, with influential elements in government and various ministries, departments, and agencies allegedly collaborating with those managing the company’s accounts.

Similarly, the Executive Director of the Civil Society Legislative Advocacy Centre (CISLAC), Musa Rafsanjani, criticised the NNPCL for its lack of accountability, attributing the failure to not only the corporation but also to President Bola Tinubu, the National Assembly, and security agencies.

Rafsanjani asserted that the president, as the leader of the nation, bore the primary responsibility for ensuring that the NNPCL operated transparently and remained accountable to Nigerians.

“It is within the call of the president, who is supposed to ensure that the NNPCL is accountable to the nation. So, I blame the president for any shortcomings of the NNPCL,” Rafsanjani stated in an interview with Sunday PUNCH.

The civil society leader also expressed dissatisfaction with the National Assembly, particularly the committees overseeing the oil sector, arguing that the lawmakers had a statutory duty to ensure the proper functioning of the NNPCL and criticised them for their perceived inaction in holding the corporation accountable.

Rafsanjani further highlighted the role of security agencies in addressing issues such as crude oil diversion, suggesting they must also share responsibility for the ongoing crisis.

He called on the government and other stakeholders to adopt a firmer stance against the alleged cartel operating within the NNPCL, emphasising the need for a stronger commitment to addressing corruption in the oil sector.

TRUTH OF THE WHOLE MATTER!

The entire political system of Nigeria from the presidency down to the local government areas is abysmally corrupt!

Corruption is the cancerous disease that has birthed crimes and criminalities, dissensions, sectionalism, embezzlement of public funds, annual ritual of budget padding by legislators in collusion with civil servants from the federal to state and local government levels, banditry, terrorism, kidnappings, crude oil bunkering, money laundering etc, and in all of the above the Nigerian Armed Forces/Police personnel, security agencies and parastatals are COMPLICIT!

 

The way of the quagmire is to 

1.Suspend the entire NNPCL management team considering the gravity of the Auditor General’s indicting report:

2. Bring on board highly-efficient, diligent and patriotic professional to run the affairs of the Oil Company for 12 calendar months and 

3. Identify and fish out the Fifth Columnists in the system for adequate sanctions according to the Law!

In the meantime, Mr. President as substantive Minister of Petroleum Resources should meticulously monitor all activities personally to save this major foreign exchange earner product from being feasted on by both internal and external predators in collaboration!

HE SHOULD ALSO BEGIN THE PROCESS OF THE CITIZENS DEMAND FOR A (ONE HOUSE) UNICAMERAL PARLIAMENTARY SYSTEM OF GOVERNMENT THROUGH POPULAR REFERENDUM!

He should urgently comply because time is not in his side AND 2027 is just around the corner!

 [EXPECT A PRIME MINISTER IN NIGERIA NOW!]

Please look forward to more divine revelation in the next edition of Zion B-BC Newsletter as you share this with friends and remain blessed in the Lord. [For weekly access, to this newsletter, log on to:  facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,

Please look forward to divine revelations in  The Sure Word Gospel Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly Politicking For World Peace,  and The Wedding Mascot Died

If you have not accepted the Lord Jesus Christ as your personal Lord and Saviour, don’t miss this great opportunity as you pray  this prayer: Lord Jesus; I confess that I am a sinner who needs to be saved through the grace of the New Testament in your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and personal Saviour. Please forgive me and write my name in the Book of Life. Amen. If you prayed this prayer, you have been admitted into the family of sons and daughters of God, who are born-again. Congratulations!

I am yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.

CURRENCY SWAP WITH CHINA MAYSOLVE TRADE IMBALANCE NOT INDEBTEDNESS!

   ZION B-BC

 NEWSLETTER.

 A Publication of the Zion Faith Bible-Believing Church Kpeyegyi Abuja Nigeria. {Vol. 14. NO 587. 19th January 2024} “…ONLY The Truth, Will Set You Free! (John.8:32). PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!

CURRENCY SWAP WITH CHINA MAY

SOLVE TRADE IMBALANCE NOT INDEBTEDNESS!

Nigeria's huge indebtedness to China coupled with loop sided trade imbalance in favor of the latter portend grave danger to Nigeria's sovereignty now and in the future as We have consistently elucidated!

Neo-colonialist tendency is an addiction to foremost developed nations and the Peoples Republic of China is not an exception China is a Shylock when it comes to business. China is not a Father Christmas and will go to any length to recover loans to foreign country as at when due.

External loans terms and agreements are always followed strictly to the letter by this very industrious nation that is determined to out-shine the United States of America in all areas of business activities: industry manufacturing, technology, rocket science etc. China has no penchant for defaulters when it comes to recovery of loans to which strict adherence to terms and agreements must be religiously adhered.

In some countries where it faced challenges in loans recovery, strategic infrastructures which were products of the acquired funds would be taken over to recover moneys with interest. The currency swap initiated in May 2018 between the Central Bank of Nigeria and the People's Bank of China (PBOC) was valued at renminbi RMB 16 billion which is about $2.5 billion dollars. It was designed to provide the Chinese and Nigeria currency directly to industrialist and other businesses from both countries.

The deal which commenced in 2018 and renewable every three years was renewed in 2021 to terminate in 2024 to boost bilateral trade as it cuts reliance on dollar transactions between the two nations.

According to Bloomberg, China was Nigeria’s biggest trade partner in 2023, ahead of the United States and the facility was to strengthen financial cooperation and expand the advantageous use of the Nigerian and Chinese currencies. With this deal the direct exchange of the Chinese Yuan and Nigerian naira will be seamless, providing an alternative to the reliance on the US dollar and reducing transaction costs in trade between the two nations.

WHAT IMPACT WOULD THE DEAL HAVE ON NIGERIA'S MIS-MANAGED ECONOMY?

China and Nigeria have a large trade relationship, with China exporting more to Nigeria than Nigeria exports to China. China is Nigeria's largest export market in sub-Saharan Africa, and Nigeria is one of China's largest export markets globally. Main products traded between China and Nigeria are as follows:

China to Nigeria: Manufactured goods like non-knit women's suits, rubber footwear, broadcasting equipment, electronics, phones, laptops, and kitchen utensils

Nigeria to China: Primary products like petroleum gas, crude petroleum, and lead ore which implies trade imbalance because China exports more to Nigeria than Nigeria exports to China! Nigeria's economy is becoming dependent on cheap foreign imports, which has led to a decline in Nigerian industry. In previous publications we had emphasized that the relationship between China and Nigeria had raised concerns about potential economic and political influence from China in the region.

CHINA'S FOOT PRINTS ARE ALL OVER AFRICA!

China as the second largest global economy has in the last two decades intensified efforts to dominate Africa from Cape to Cairo and from Mauritania to Ethiopia through capital investments in their strategic infrastructural projects like railways, hydro dams, sea ports, air ports etc!

Apart from construction of rail tracks, China has invested in Nigeria’s communications satellite projects and

has provided technical aid and training to Nigeria in the agricultural sector.

Previous Loans obtained from China according to the Debt Management Office (DMO), were disbursed as follows:

"The USD3.121 billion Loans are project-tied Loans. The projects, (eleven – 11 in number as at March 31, 2020), include: Nigerian Railway Modernization Project (Idu-Kaduna section), Abuja Light Rail Project, Nigerian Four Airport Terminals Expansion Project (Abuja, Kano, Lagos and Port Harcourt), Nigerian Railway Modernization Project (Lagos-Ibadan section) and Rehabilitation and Upgrading of Abuja – Keffi- Makurdi Road Project. See a Full List of the Projects at www.dmo.gov.ng.

"The impact of these Loans is not only evident but visible. For instance, the Idu – Kaduna Rail Line has become a major source of transportation between Abuja and Kaduna. Also, the new International Airport in Abuja, has improved air transportation for the populace, while the Lagos – Ibadan rail line when completed, will ease traffic on the busy Lagos -Ibadan Expressway. "The projects also have the added benefits of job creation, not only by themselves but through direct and indirect service providers, a number of which are Small and Medium Enterprises. It is widely accepted that investment in infrastructure is one of the most effective tools for countries to achieve economic growth and development. Using Loans from China to finance infrastructure is thus in alignment with this position.

What Is the Process by which the Loans were Obtained?

"The principal process and requirements for borrowing by the Government are expressly stated in the Debt Management Office Establishment (ETC) Act, 2003 (DMO Act) and the Fiscal Responsibility Act, 2007. Section 21 (1) of the DMO Act, “No External loan shall be approved or obtained by the Minister unless its terms and conditions shall have been laid before the National Assembly and approved by its resolution” and Section 41 (1a) of the FRA, “Government at all tiers shall only borrow for capital expenditure and human development, provided that, such borrowing shall be on concessional terms with low interest rate and with a reasonable long amortization period subject to the approval of the appropriate legislative body where necessary”, are instructive in this regard"

MAJOR BILATERAL TRADING PARTNERS.

China and Nigeria have been major bilateral trading partners in recent times. While primary products dominate Nigeria's trade with China, China's in 2022, exported $21.4B to Nigeria. The main products that China exported to Nigeria were Non-Knit Women's Suits ($792M), Rubber Foot wears etc.

With just a meager nine percent overall fertile land, China's formidability exemplified in her agricultural and food policies has afforded her the capacity to feed her population and to export. But Nigeria with vast arable lands had woefully failed to invest heavily in AGRICULTURE!

As at the last quarter of 2024, the benefits of Nigeria's connection with China had finally become very visible in Lagos, Onitsha, Aba, Kano, and nearly any Nigerian market, one may find Chinese Markets, Restaurants, Schools,etc. Over the past five years the exports of China to Nigeria have increased at an annualized rate of 11.9%, from $12.2B in 2017 to $21.4B in 2022. In 2022, China did not export any services to Nigeria. Nigeria-China Trade: In 2022, Nigeria exported $1.52B to China.

In the month of March 2024, Nigeria owed China $5.05 billion in bilateral debt and Nigeria's external debt reached $42.9 billion in June 2024.

TO BREACH THE TRADE IMBALANCE BETWEEN THE TWO COUNTRIES CRITICAL INFRASTRUCTURES SHOULD TAKE THE FRONT BURNER AND NIGERIA MUST JOIN BRICS!

Special credits must be given to human rights lawyer and activist Chief Femi Falana (SAN). who took up the challenge following several delays of implementing the swap deal and insisted that Nigeria should take advantage of also joining BRICS comprising of Brazil, Russia, India, China, and South Africa who had all agreed to trade with their Nations currencies for greater gains and to minimize extravagant cost of goods and services to the economic advantage of their citizens. The swap was also designed to improve the spread, convenience and volume of transactions between the two countries and to their advantages. But as usual the meddlesome global interlopers the International Monetary Fund (IMF), and the World Bank (WB), which had colluded with the Central Bank of Nigeria (CBN), tried to frustrate the currency swap! We will continue to monitor the recent development of this swap deal between Nigeria and china closely but we know that except this government of President B ola Tinubu yields to the wishes of the generality of the Citizens to begin the implementation of a new CONSTITUTION FOR A ONE HOUSE UNILATERAL PARLIAMENTARY CONSTITUTION FOR NIGERIA that will eliminate wastages and opulence in government, the positive results of the swap will be infinitesimal!

Tinubu has only one choice - to obey the demand of the Citizens of Nigeria who have the SOVEREIGNTY!

 [EXPECT A PRIME MINISTER IN NIGERIA NOW!]

Please look forward to more divine revelation in the next edition of Zion B-BC Newsletter as you share this with friends and remain blessed in the Lord. [For weekly access, to this newsletter, log on to: facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,

Please look forward to divine revelations in The Sure Word Gospel Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly Politicking For World Peace, and The Wedding Mascot Died

If you have not accepted the Lord Jesus Christ as your personal Lord and Saviour, don’t miss this great opportunity as you pray this prayer: Lord Jesus; I confess that I am a sinner who needs to be saved through the grace of the New Testament in your Blood, shed on the Cross at Calvary; I renounce every sin in my life and accept you as my Lord and personal Saviour. Please forgive me and write my name in the Book of Life. Amen. If you prayed this prayer, you have been admitted into the family of sons and daughters of God, who are born-again. Congratulations!

I am yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.