Atiku Abubabar has
insisted that restructuring Nigeria is the only solution to the problem
confronting the nation. The former vice president has said at the launching of
a book titled “We are all Biafran” a month ago that Nigeria risked being a
failed state due to its structure although this was countered by the current
vice president, Professor Yemi Osinbajo who suggested two weeks ago that
diversification of the economy would end the country’s problem. Osinbajo had
said that even if the country us restructured, the same problems would still
linger if economic solution is not put in place. The Punch reports that the
former vice president however insists that he believed in restructuring as that
was the key to solving Nigeria’s problems. Atiku said this in a paper he
presented at the Late Gen.Usman Katsina Memorial Conference at the Umaru Musa
Yar’Adua Memorial Hall, Murtala Square, Kaduna, on Saturday, July 30. “As a
country we have struggled to live up to this ideal. We have obviously not done
enough to realise national integration, and the survival of our democracy is
still a work in progress. “The cost to us has been enormous. We even fought a
civil war to forcibly keep the country together. “Since the various
amalgamations that created the entity that we now call Nigeria, different
segments of Nigeria’s population have, at different times and sometimes at the
same time, expressed feelings of marginalisation, of being short-changed, dominated,
oppressed, threatened, or even targeted for elimination.” He said different
groups were aggrieved by what they perceived as a form of neglect from the
government and this has affected the country’s unity. He said he was a believer
in the existence of one Nigeria and urged the different components to look at
restructuring as a solution. He noted that many Nigerians from outside the
North hold the view that the main beneficiary of the status quo has been the
north which was not true. “The north and Nigeria have not been served well by
the status quo and there is need for change. “Who among us who went to primary
and secondary school in the 1960s had much to do with the federal government? Did
the northern regional government wait to collect monthly revenue allocations
from Lagos before paying salaries to its civil servants and teachers or fixing
its bridges and roads?” He urged Nigerians irrespective of their tribe or
religion to consider restructuring the country as a solution to be embraced.
Collapsed banks in Ghana recovered only $142 million out of $2 billion loans, Bank of Ghana Governor reveals.
The Governor of the Bank of Ghana, Dr Ernest Addison says out of the $2 billion (GHS10.1 billion) worth of loans taken by the receivers of some nine banks which collapsed in the country, only $142 million (GHS731 million) has been received. The Governor of the Bank of Ghana (BoG), Dr Ernest Addison The nine banks were UT Bank, Capital Bank, Sovereign, Unibank, Construction Bank, The Royal Bank, Heritage Bank, Premium Bank and Beige Bank. According to him, the receivership process has been painstakingly slow with other loan defaulters and shareholders of the defunct banks engaging in frivolous legal cases to sabotage the process. “The process has progressed slowly as out of the total loans of $2 billion (GH¢10.1 billion) taken over by the Receivers, total recoveries so far is in excess of $142 million (GH₵ 731 million) and this has been achieved through loan repayments by customers; repayment of placements; sale of vehicles; liquidation of bonds; and from...

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