{"id":122113,"date":"2025-09-09T14:29:29","date_gmt":"2025-09-09T13:29:29","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=122113"},"modified":"2025-09-09T14:29:29","modified_gmt":"2025-09-09T13:29:29","slug":"tinubu-may-soon-borrow-from-opay-moniepoint-dino-melaye","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/tinubu-may-soon-borrow-from-opay-moniepoint-dino-melaye\/","title":{"rendered":"Tinubu May Soon Borrow from Opay, Moniepoint \u2014 Dino Melaye"},"content":{"rendered":"<div style=\"text-align: justify;\">By Oscar Okhifo<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Former Kogi West Senator and chieftain of the African Democratic Congress (ADC), Dino Melaye, has taken a swipe at President Bola Ahmed Tinubu over the government\u2019s rising debt profile, warning that the borrowing spree may soon extend to domestic fintech companies like Opay and Moniepoint.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Speaking on Arise Television\u2019s Prime Time programme on Monday, Melaye accused the Tinubu administration of reckless borrowing and extravagant spending at a time Nigerians are grappling with severe economic hardship.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe Senate has already approved over $21 billion for this government, and they are still processing another $1.7 billion World Bank loan,\u201d Melaye stated. \u201cWith the way things are going, we will not be surprised if the president starts borrowing from Opay and Moniepoint very soon.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The former lawmaker berated the administration for what he described as misplaced priorities, citing the purchase of a presidential yacht and a new aircraft for the presidential fleet.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u00a0According to him, the acquisitions were made despite Nigerians enduring hunger and economic pains, and in some cases, without proper legislative approval.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cA president who wants ordinary Nigerians to tighten their belt is living in luxury,\u201d Melaye fumed. \u201cHe is driven in expensive cars like those of Donald Trump of the United States. He bought a new jet, a yacht was also bought, and in spite of the complaints against such reckless spending of public funds, the president has not stopped reckless spending and borrowing. Even after removing subsidy, he has borrowed more than his predecessors.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">When the programme anchor, Ndi Amugo, confronted Melaye with concerns raised by many Nigerians about his collection of state-of-the-art cars amidst widespread poverty, the former senator pushed back strongly.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cGo and fact-check me,\u201d he retorted. \u201cI did not buy those cars while in office as a member of the House of Representatives or as a Senator. I have never done any contract with or for any government\u2014federal, state or local government. And I have never been invited by the EFCC or the ICPC.\u201d With that response, Amugo had nothing more to add.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Melaye went further to demand an end to what he described as reckless borrowing, urging the Tinubu administration to prioritize policies that would relieve the economic suffering of ordinary citizens.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Asked if he would seek public office in 2027, Melaye was emphatic that his focus at the moment is not on political ambition. \u201cMy priority now is to educate Nigerians and to join patriots to save Nigeria from this race to calamity,\u201d he said. He stressed that he would support any candidate with the courage and sincerity to return Nigeria to winning ways.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Melaye\u2019s remarks underscore growing opposition concerns about the country\u2019s debt burden and the government\u2019s spending choices, particularly in the face of rising inflation and widespread poverty.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Oscar Okhifo Former Kogi West Senator and chieftain of the African Democratic Congress (ADC), Dino Melaye, has taken a swipe at President Bola Ahmed Tinubu over the government\u2019s rising&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":122114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-122113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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