PETER OBI’S NEW LIES- BAYO ONANUGA. (PHOTO). #PRESS RELEASE

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 Peter Obi’s new lies Peter Obi’s recent claims of being targeted by the government—citing an incident involving his car at the airport, which, by his own account, must have resulted from flouting parking regulations—are simply unfounded and misleading.  As a pathological and serial liar, Mr Obi is intent on dragging the government into every personal inconvenience he encounters, often resorting to exaggeration and baseless allegations. His claim that he may not be alive for the January 2027 election and that people are being pressured not to invite him to social events is nothing more than a fabricated narrative, a page from his book of lies and propaganda.  These claims lack substance and are designed to attract undue sympathy and deflect attention from his credibility deficit and the problems faced by his SPV and his adopted political association, the NDC. It is important to note that Mr Obi has a substantial interest in Fidelity Bank. The institution continues to thri...
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SENEGAL CUTS GOVERNMENT AGENCIES TO SAVE CASH AMID DEBT WOES. (PHOTO).

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 Senegal cuts government agencies to save cash amid debt woes


Senegal has announced a plan to close 19 government agencies which account for around 1,000 ​jobs, with officials in the debt-burdened country expecting ‌the move to save at least 55 billion CFA francs ($97.95 million) over the next three years, a statement said, Reuters reported.


The ​West African country is grappling with debts that ​reached 132% of gross domestic product at the ⁠end of 2024, according to the International Monetary ​Fund, which froze its lending programme after the discovery ​of misreported debt.


The statement released after the weekly Council of Ministers meeting on March 4 said the government would also focus ​on strengthening controls and evaluations, harmonising pay scales ​and ensuring optimal use of budgetary funds.


The 19 entities employed 982 ‌people ⁠and had a combined budget allocation of 28.051 billion CFA francs ($49.96 million) in 2025, according to the statement, which did not identify the affected agencies.


Their annual ​payroll is ​estimated at ⁠9.227 billion CFA francs and their total debt stood at 2.6 billion CFA francs ​at the end of 2024, the statement ​said.


Prime ⁠Minister Ousmane Sonko has dismissed the idea of a restructuring plan despite Senegal's difficult repayment schedule. Senegal has been ⁠relying ​on the regional debt market to ​meet its financing needs.

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