Connect with us

NEWS

APC’s NEC outcome affirms party’s collapse, says PDP

Published

on

The opposition Peoples Democratic Party (PDP) yesterday launched yet another barrage of criticisms against the All Progressives Congress (APC), concluding the ruling party has finally crumbled, wrecked by a “presidency cabal.”

It was reacting to Tuesday’s APC National Executive Committee (NEC) meeting, which extended by a year the tenure of embattled National Chairman Chief John Odigie-Oyegun and the National Working Committee (NWC).

“From the outcome, it is clear that the party has finally collapsed, lost all democratic credentials and can no longer provide level playing ground for its members or even other Nigerians to freely aspire for any position of their choice, particularly, the presidency, governorship and National Assembly positions in the 2019 general elections,” the PDP stated.

It described the resolution of the meeting as the “worst kind of corruption in a political party,” wondering how President Muhammadu Buhari, “the African Union anti-corruption champion,” could have “directly superintended” the session. It accused the APC of “overthrowing its constitution and democratic processes, all in the bid to shut out other contenders in the presidential race, a development which further confirms that the president has lost popularity even in his own party.”

In its statement by National Publicity Secretary Kola Ologbondiyan, the PDP said: “Whereas, the APC constitution provides for a four-year tenure for officials of its organs and enshrined a re-election or re-appointment at the expiration of the said tenure, the Buhari presidency muzzled the APC NEC and imposed an illegal one year tenure extension for the Oyegun-led NWC, a fiat that is not provided for in the party’s constitution.”

According to the PDP, the APC is “so dysfunctional that under the grip of the presidency cabal, the party in contravention of its own constitution does not have a Board of Trustees (BOT), which explains the reason it lacks conscience and failed completely in delivering good governance to the nation.” It also observed with dismay that while the APC constitution allows for quarterly NEC meetings, the party has only held five since it was formed in 2014.

The PDP said: “It is certain that the APC is no longer a credible platform but an appropriated one, where only those anointed by the presidency cabal can have the opportunity to aspire for any position within its ranks. The APC has been seized and is irredeemably damaged ahead of the 2019 general elections.

“The confusion and lawlessness that were the hallmarks of the outcome of the APC caucus and NEC meeting signpost the failures inherent in the incompetent, blundering and corrupt Buhari-led administration, which has brought so much hardship and violence to our dear nation.”

Odigie- Oyegun, meanwhile, has shed light on why his tenure was elongated. He told reporters in his office yesterday: “I think the reason for not wanting to hold some of these elective congresses this year is very clear. We have a lot of work to do during this one year and each one has the potential of causing a crisis. That has
always been once there is an election; it always creates its own issues.

“So, we just felt we could defer some of these issues or the party felt some of these challenges could be deferred for one year for the serious task before us, which is the national elections.” But APC’s Deputy National Publicity Secretary, Comrade Timi Frank, condemned the extension, describing it as laughable and a reinforcement of the belief that the PDP fares better on internal democracy.

“I am personally disappointed. This has clearly shown that APC is an undemocratic party, a party, which has been in existence for three years but has never obeyed its own constitution,” Frank said in a statement, challenging anybody to show proof any demand of the party’s constitution had ever been “religiously obeyed.”

Notwithstanding, Imo State Governor Rochas Okorocha “delightedly” congratulated Odigie-Oyegun and the NWC members in a statement by his Chief Press Secretary, Sam Onwuemeodo.

The governor noted that the “lofty action” would have been impossible without the “able leadership” of Buhari, state governors and key stakeholders at the NEC meeting. He wished Odigie-Oyegun and his team a successful tenure and urged them to see the development as a challenge to do more for the progress and victory of the party.

EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

Published

on

Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

Continue Reading

MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

Published

on

Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

Continue Reading

BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

Published

on

Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

Continue Reading

Latest

Tips For Blending Lipstick Colours Perfectly | fab.ng Tips For Blending Lipstick Colours Perfectly | fab.ng
BEAUTY22 mins ago

5 Pro Tips For Blending Lipstick Colours Perfectly

In the world of makeup, nothing makes a statement like lip colour. But why stick to a single shade when...

The Tallest Building In Nigeria | fab.ng The Tallest Building In Nigeria | fab.ng
ARTS & CULTURE2 hours ago

Here’s The Tallest Building In Nigeria

The tallest buildings often shape a city’s skyline, and Lagos, Nigeria’s bustling metropolis, proudly showcases this in its towering structures....

Mai Martaba as international feature film contender | fab.ng Mai Martaba as international feature film contender | fab.ng
EVENTS3 days ago

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature...

Tega Oghenejobo As The New President Of Mavin Records | fab.ng Tega Oghenejobo As The New President Of Mavin Records | fab.ng
MUSIC3 days ago

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage...

Moniepoint reaches African unicorn status | fab.ng Moniepoint reaches African unicorn status | fab.ng
BUSINESS4 days ago

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power...

Jannik Sinner withdraws from Paris Masters 2024 | fab.ng Jannik Sinner withdraws from Paris Masters 2024 | fab.ng
FOREIGN4 days ago

World Number One Jannik Sinner Withdraws From The ATP Rolex Paris Masters 2024

Tournament organizers announced on Tuesday that world number one Jannik Sinner (23) will not participate in the Paris Masters indoor...

Just Us Girls returns for a third season this November | fab.ng Just Us Girls returns for a third season this November | fab.ng
MOVIES4 days ago

“Just Us Girls” Returns For A Third Season This November

The creators of “Just Us Girls” have launched the third season of their popular Nigerian web series. The season will...

Vinicius Junior Believes Racism Led To Ballon d'Or Defeat | fab.ng Vinicius Junior Believes Racism Led To Ballon d'Or Defeat | fab.ng
SPORTS4 days ago

Vinicius Junior Believes Fighting Racism Led To Ballon d’Or Defeat

Vinicius Junior, the 24-year-old Brazil and Real Madrid forward addressed his second-place finish in the Ballon d’Or voting on Monday....

Tosin Igho unveils trailer ahead of his movie, ‘Suspicion’ | fab.ng Tosin Igho unveils trailer ahead of his movie, ‘Suspicion’ | fab.ng
MOVIES4 days ago

Nollywood Director, Tosin Igho Unveils Trailer Ahead Of His Movie, “Suspicion”

Director Tosin Igho has released the trailer for his latest thriller, “Suspicion”. The movie will premiere on Prime Video on...

Eki's Collection At Lagos Fashion Week 2024 | fab.ng Eki's Collection At Lagos Fashion Week 2024 | fab.ng
FASHION5 days ago

See How Eki’s Collection Graced The Walkway At Lagos Fashion Week 2024

Fashion lovers! Lagos Fashion Week 2024 took centre stage from October 23rd to 27th. Trust me, you’ll want to keep...

-Ad-

under40ceos-starting-a-business
under40ceos-starting-a-business

Trending