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SHOCKING: Sen. Ken Nnamani quits PDP (SEE REASONS)

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One of PDP’s backbone, Senator Ken Nnamani has left the party. He explained this in a statement below though where he is decamping to is yet to be known

Read Mr. Nnamani’s full statement below.
PDP, the Burden and My Conscience
Without any iota of bitterness in my heart, I have decided to disengage from the Peoples Democratic Party (PDP) and consequently step aside from partisan politics in the interim. I wish to express my profound gratitude to the party that gave me the platform with which I attained the height I did in the politics of our country.
How I wish the efforts I mounted with some of my colleagues (many of whom have left the party) to keep the PDP on the path of its noble vision and values had been supported by those who were privileged to be at the helm of affairs of the party, it would have been a different day for the PDP. It would have been a day of victory and pride not of defeat and shame.
I recall that the virus of corruption of values and mission was what those my colleagues and I set out to cure through the formation of the PDP Reform Forum in 2010/11. We worked hard to draw up a new direction for the Party.
This was to help steer the party away from illegality and impropriety so that PDP can fulfill its promise of being a vanguard of Nigeria’s political and economic development. A direction defined by strict adherence to basic rules and morality in the management of party affairs. Chief of these values is respect for choice of party members in electing party candidates for elections.
With more than half a decade of championing such a fundamental but simple idea, I regret that the PDP leadership continues to rebuff internal democracy. The party allowed itself to be blinded by hubris to believe that it will remain in power and influence for 60 years in spite of several gross missteps and grievous misnomer. We foresaw this ditch and prescribed how to avert falling into it. But we were dismissed as idealistic. Today the idealists have become realists.
Recently, even after our avoidable abysmal electoral defeat, I continued to believe that we can still chart a new course and retrieve victory from the jaw of defeat. I continued to urge the leadership of the party to believe that the time of defeat could be the time of renewal, and that renewal requires strategic thinking and bold actions.
I urged that this is a time to reembrace internal democracy and principled leadership to reposition the party for new politics. We are living in different times and we need new tools, ethos and codes of conduct. We need to become a party of technocrats and professionals and not a party of mercenaries and rent seekers.
We need to become the party of young men and women with new ideas and not a party of political dinosaurs. It is clear now that these pleas have fallen on deaf ears. Every day the crisis of confidence and the contradictions in our party deepen. We continue to lose members and morale. The rebuilding some of us had urged on the leadership is not happening. Those who led us to defeat are determined to continue to lead the party as undertakers.
I do not believe I should continue to be a member of the PDP as it is defined today. This is certainly not the party I joined years ago to help change my country. I do not also believe that the PDP as it is managed today will provide an opportunity for me to continue to play the politics of principles and values which I set for myself as a young man on leaving graduate school and working for a large multinational in the United States in the 70s and 80s.
Therefore, today I resign my membership of the PDP. In stepping out of partisan politics for the meantime, I will continue to be politically engaged. I will also continue to support the government and all the elected officers in Nigeria to repositioning the nation. I will also constructively criticize them when by commission or omission they take actions that could damage the prospects of transforming Nigeria into a productive, merit-based and honestly governed country.
As I leave PDP, I wish the leaders a new awakening and ethical revival. I cherish all the friends I made while in PDP and hope the friendship will continue to flourish.
God bless Nigeria.
Senator Ken Nnamani, GCON

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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