APC Chieftain Accuses Tinubu of Autocratic Rule, Raises Concerns for Second Term

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Salihu Mohammed Lukman, former vice chairman (North-West) of the All Progressives Congress (APC), has leveled serious allegations against President Bola Tinubu, accusing him of governing the country in a manner reminiscent of a military dictator.

Lukman criticized Tinubu for allegedly centralizing power and shutting down party structures, portraying himself as a king with all the answers to Nigeria’s challenges. He warned that if the current security and socio-economic issues persist, they could jeopardize Tinubu’s chances of securing a second term.

In a statement, Lukman expressed disappointment with the state of affairs in the country, citing widespread poverty, insecurity, hunger, and high cost of goods and services as evidence that the APC had failed to fulfill its promises to Nigerians.

He questioned Tinubu’s leadership approach, likening it to that of a military dictator and suggesting that the party’s actions were undermining its credibility with the electorate.

Lukman also raised concerns about Tinubu’s alliances with political figures who previously opposed him, suggesting that these alliances may be driven by a desire to secure a second term through means other than electoral votes.

He argued that many APC members believed that both former President Buhari and Tinubu were primarily interested in winning elections and becoming presidents, rather than implementing good governance and policy.

The accusations by Lukman highlight growing discontent within the APC and raise questions about the party’s direction under Tinubu’s leadership.

Politics Nigeria

BF Borgers, an accounting firm owned by former US President Donald Trump, has been accused by the Securities and Exchange Commission (SEC) of engaging in widespread fraud and operating a “sham audit mill.” The SEC alleges that BF Borgers committed “deliberate and systemic failures,” including the fabrication of audit papers and false assurances to clients regarding compliance with accounting standards.

This fraudulent activity, described as “massive,” occurred between January 2021 and June 2023, impacting over 1,500 SEC filings and more than 500 public companies. As a consequence, the SEC has permanently barred BF Borgers from practicing as accountants before the agency and imposed a severe penalty, including a collective fine of $14 million against the firm and its owner, Benjamin Borgers.

In a statement, Gurbir Grewal, director of the SEC’s enforcement division, declared that Borgers and his “sham audit mill” have been permanently shut down. The SEC has notified public companies that engaged BF Borgers to seek new accounting firms.

Trump Media & Technology Group, chaired and majority-owned by Donald Trump, was among BF Borgers’ clients. While Trump Media may be the most high-profile client, BF Borgers served around 350 clients subject to SEC rules during the mentioned period. However, the SEC review only examined BF Borgers’ work for public companies, excluding its services to Trump Media when it was private.

Trump Media, despite its significant valuation on Wall Street exceeding $9 billion, generates limited revenue. Its social media platform, Truth Social, faces challenges, with a notable decline in average daily active US users on iOS and Android in April. Despite this, Donald Trump remains a prominent user on Truth Social.

In response to the SEC’s actions, a spokesperson for Trump Media expressed readiness to collaborate with new auditing partners in compliance with the SEC’s order. BF Borgers did not provide a comment on the allegations.

In summary, BF Borgers, owned by Donald Trump, faces severe consequences following accusations of fraud by the SEC. The firm’s practices, characterized as a “sham audit mill,” have led to permanent suspension and hefty fines. Trump Media, among BF Borgers’ clients, is navigating challenges despite its substantial valuation, particularly with its Truth Social platform experiencing a decline in user engagement.

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