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Travel ban will cause capital flight, recession – Atiku

by Thinkers
15/10/2018
3 min read
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By Stanley Sunday

The Presidential Candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has said that the travel ban on 50 Nigerians will hurt the economy.

Atiku, in a statement by his media office in Abuja, warned that the Executive Order which was recently signed by President Muhammadu Buhari would lead to capital flight and another recession.

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He also said that the statement by the Presidency banning 50 unnamed Nigerians from travelling out of the country, purportedly on the strength of Executive Order 6, was undemocratic.

He described the travel ban as another form of intimidation ahead of the 2019 elections. Atiku said he abhorred any act of criminality, either financially or otherwise.

The presidential candidate, however, warned that the rule of law must be the guide at all times or society would descend into anarchy.

He said it was wrong for the President to act under a mere suspicion that the suspects were believed to have property overseas and were involved in tax dodging or other alleged financial infractions.

The statement partly read, “We must be unequivocal in saying that we abhor any act of criminality, financially or otherwise, but the rule of law must be our guide at all times or society will descend into anarchy.

Thus, we find it most undemocratic that in a nation governed by the rule of law, a President who swore an oath to abide by the Constitution of the Federal Republic of Nigeria, does this.

“If past events are to be the judge, these 50 individuals will conveniently be critics and opponents of the Buhari administration.

“This is nothing short of intimidation ahead of the 2019 elections. This is what the Buhari administration did in Osun where they froze the accounts of the Adeleke family and then illegally and clandestinely paid N16.7bn to the Osun State Government to facilitate the daylight electoral robbery.”

The former Vice-President said “the Nigerian constitution guarantees every Nigerian citizen freedom of movement and freedom of association.”

This constitutional right, he added, could not be taken away except by a court order.

Atiku said, “If the Buhari administration wants to curtail the rights of Nigerians, then it must go to court and obtain a court order. Anything short of this is unconstitutional and extrajudicial.

“This sudden dictatorial act brings to mind President Buhari’s comments for which he was condemned by the international community and by the generality of Nigerians.

“While delivering an address at the annual general conference of the Nigerian Bar Association on August 26, 2018, President Buhari has said ‘where national security and public interest are threatened or there is a likelihood of their being threatened, the individual rights of those allegedly responsible must take second place, in favour of the greater good of society.’

“That was not only a faulty interpretation of the constitution, the statement also betrays the dictatorial and authoritarian mindset of President Buhari because only he gets to decide who and what threatens national security.”

Atiku recalled Buhari’s Decree Number Two of 1984, which he said, criminalised truth telling if it did not please the President.

He said that the recent action of the President merely showed that “dictators can grow old, but they can’t grow into democrats.”

Atiku said, “Under the Buhari administration, Nigeria has witnessed an unprecedented capital flight out of the nation to the extent that we are not even listed amongst the top 10 recipients of Foreign Direct Investment in Africa in the latest ranking by the United Nations Conference on Trade and Development.

“It is salient to note that we were number one under the last Peoples Democratic Party administration.

“Funnily enough, the Buhari administration was unable to stop Abdulrasheed Maina, their financier, from leaving the country after he was illegally brought back by them and reinstated to the federal service with double promotion.

“It is precisely this type of draconian orders that have chased investors away from Nigeria and it is precisely why Nigerians will chase this recession-friendly government away from power on February 16, 2019, so we can begin the job of Getting Nigeria Working Again.”

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