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ACN alleges plot by FG, PDP to strangulate south-west states

10 September 2012, 16:31

The Action Congress of Nigeria on Monday raised the alarm over an alleged plan by the Federal Government and Peoples Democratic Party to arrest development and progress in all ACN states.

The party said there was a plan to manipulate the Central Bank of Nigeria, the capital market, financial institutions and regulatory authorities to withdraw financial support to all ACN states “through a sustained campaign of blackmail, calumny and arm-twisting.”

In a statement issued in Lagos by its National Publicity Secretary, Lai Mohammed, the party said it had “authoritative” information that “the first phase of this plot is for the PDP to make available to the Honourable Ministers of Finance and National Planning and Director General of the Debt Management office false representation of the debt profiles of ACN states accompanied by wild and unsubstantiated allegations of financial recklessness and improprieties against ACN states for deliberation at the next meeting of the Federal Executive Council.”

It said that as part of the plan, “the Federal Government will then enlist the support of the Central Bank Governor who will table the contrived damning indictment before the Bankers Committee who in turn will unsuspectingly withdraw their financial support from all ACN states.

“But the Peoples Democratic Party led Federal Government will not stop at this. It will thereafter manipulate its appointees at the Nigerian Stock  Exchange, the Securities and Exchange Commission and other relevant regulatory authorities to block the ACN states access to the capital market even as the same Federal Government itself had resorted to the same capital market to fund its own deficit budget.”

The party said the PDP took the same step when ACN Leader, Asiwaju Bola Tinubu, was the governor of Lagos.

“The recent unrelenting and sustained smear campaign against the ACN governors by the do nothing Peoples Democratic Party is nothing but a prelude to this grand conspiracy to financially cripple all ACN states .

“Rather than emulate the giant strides of the ACN states especially in the areas of security, youth employment, infrastructural development etc, and make life more meaningful and bearable for the millions of citizens under its watch the Peoples Democratic Party has true to character resorted to this evil plan to stunt the growth of the ACN states and condemn the people of these states to a life of misery, poverty, chaos and hardship as is the norm in almost all PDP-led states,” the party noted.

It advised the Federal Government to “immediately retrace its steps” or risk a people’s revolt.



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