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Why I Am Fighting Buhari – Zamfara Governor;  Orders Arrest Over Rejection Of Old Naira Notes

By
Adesina Soyooye
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By Adesina Soyooye

The Zamfara State Governor, Bello Matawalle, has explained why he has joined in the fight against President Muhammadu Buhari.

He has also said that anybody in Zamfara State who rejects the old Naira notes of N200, N500 and N1,000 as legal tenders  will be arrested.

The Governor  gave the order to Security Agencies and said that the old notes remain legal tender until said otherwise by the Supreme Court.

Matawalle is one of the three Northern Governors of  Kaduna, Kogi and Zamfara States whose Governments dragged the Federal Government and the Central Bank to the Supreme Court over the deadline for the new Naira swap.

The Supreme Court orderd a temporary relief till 15th February, 2023, when the Parties will go back to Court.

The Governments of Ondo and Kano State, have also instituted their own case.

While the FG said it would obey the order, the Attorney General of the Federation and Minister for Justice, Abubakar Malami, SAN, has gone to Court to ask it to vacate the temporary relief and throw out the case for lack of jurisdiction.

But Matawalle,  at the swearing-in ceremony of new High Court Judges and newly appointed special Advisers at the Government House, Gusau, said:

“As you are all aware, the economy of the country as a whole has been plunged into a serious crisis by the decision of the Central Bank to cease recognition of the old naira notes as legal tender from February 10th.

“This decision compounded the already dire situation of our State occasioned by banditry and sundry crimes, which significantly disrupted economic activities in the State and the subregion over the years.

“It was in consideration of the grave consequences of this disruptive policy which was not well thought out, that I took the decision to team up with the sister states of Kaduna and Kogi to seek the intervention of the Supreme Court to ensure that both the new and old naira notes remain as legal tender beyond February 10th. Gladly, the Supreme Court has given an interim injunction barring the CBN from enforcement of its plan of derecognizing the old notes as legal tender from today, pending its final ruling on the matter on February 15th. The Supreme Court has done  needful which will alleviate the suffering of the masses.

“This courageous decision by the Supreme Court has no doubt saved the country from sliding into a crisis of great proportion that may affect the peace and stability of the country and possibly prevent the holding of the general elections billed for this month.

“I have joined in this salvaging mission, notwithstanding my proximity and good rapport with His Excellency, President Muhammadu Buhari.”

Breaking: No Plan To Close Banks, Sack CEOs- CBN

By
Tosin Olatokunbo
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The Central Bank of Nigeria, CBN has denied report that it plans to close some deposit money Banks in the country over ongoing naira swap crisis.
 Reports surfaced recently that the Godwin Emefiele-led CBN is unhappy with the manner some commercial banks have handled the demonetisatiom of the old naira notes for new ones.
Instructively,  the apex bank is said to be frustrated with reports that some banks are hoarding the new notes, and have refused to released them to their customers leading to serious  cash crisis across the country.
Some banks have since shut down operations, and others have managed to open with public anger breathing hard on them.
Just last week  during a meeting with 36 state governors on how to mitigate the cash crisis President  Muhammadu Buhari accused commercial banks of hampering government’s  efforts to remove the scarcity of the new naira notes of the N200, N500 and N1000.
Also, Emefiele had subtly threatened banks allegedly playing games with the distribution  of the new banknotes, prompting some people to suggest that the apex bank was planning to sanction some banks. In fact, the CBN was said to be considering sanctioning some bank chief executives whose officials were caught hoarding the new notes.
Reacting in a statement  on Saturday, the CBN said it has no such plans, that all it efforts are geared towards resolving the crisis that emanated from its Naira Redesign and Swap policy.
In the statement signed by Osita Nwanisobi, Director, Corporate Communications, the CBN stated that it was illogical to think that it will take an action not in conformity with the nation’s  banking rules.
The CBN also debunked report that Emefiele informed the Council of State  on Friday,  that the naira scarcity is as a result of failure of the Nigerian Security and Minting Company, NSPMC to meet the printing order from the CBN, and that the apex is now forced to print the new notes abroad to balance  the shortfall.
The CBN stated: “The attention of the Central Bank of Nigeria (CBN) has been drawn to a misleading report misquoting the Governor, Mr. Godwin Emefiele, as attributing the current challenge in the distribution of the newly redesigned naira banknotes to a shortage of printing materials at the Nigerian Security Printing and Minting Company Plc.
“We wish to state categorically that at no time did the CBN Governor disclose this during his presentation to the National Council of State at its meeting on Friday, February 10, 2023.
“For the records, what Mr. Emefiele told the meeting was that the NSPMC was working on printing all denominations of the Naira to meet the transaction needs of Nigerians.
“While the CBN appreciates the concerns shown by all stakeholders about the distribution of the Naira, we are alarmed at the extent to which vested interests are attempting to manipulate facts and pitch the public against the Bank.
“For the avoidance of doubt, the CBN remains committed to performing its monetary policy functions, as stipulated in the CBN Act, 2007, as amended. We also wish to restate that the NSPMC has the capacity and enough materials to produce the required indent of the Naira.
“The Bank, therefore, wishes to appeal to the public to disregard the said report and exercise more restraint, even as we work assiduously to increase the circulation of the new notes in the country.
“Similarly, there is a misleading voice note trending in social media alleging that the CBN planned to shut down some banks, particularly in a particular geo- political region of the country.
“We wish to state unequivocally that there is no such plan and that the claims are illogical and do not comply with the workings of the Nigerian banking system. The public is therefore advised to ignore such recordings as they do not represent the policy thrust of the CBN and are only the desperate attempts of persons bent on inciting the public against the Bank.”
We wish to state unequivocally that there is no such plan and that the claims are illogical and do not comply with the workings of the Nigerian banking system. The public is therefore advised to ignore such recordings as they do not represent the policy thrust of the CBN and are only the desperate attempts of persons bent on inciting the public against the Bank.
Meanwhile,  not a few Nigerians are anxiously waiting for next Wednesday when the Supreme Court is expected to make a final pronouncement on whether the old nair notes remain a legal tender.

Rivers: Bullet Proof Vehicle Saves Atiku’s DG, Sekibo, From Assassins; Campaign Venue Set Ablaze; Accuses Wike

By
The Source
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Abiye Sekibo Assasination Attempt

By Charles Igbo

Rivers State was saved a major tragedy when a former Minister for Transportation, Dr Abiye Sekibo, escaped his assassination by a hair’s breath. It was on Thursday evening.

Sekibo was saved by the Land Cruiser bullet proof vehicle he was riding in.

He is the State’s Director General of the Atiku/Okowa Campaign Council.

Not only was Sekibo attacked, the venue of the PDP Presidential Campaign Rally, which was almost 100% ready for the Presidential rally, was set ablaze.

Sekibo quickly pointed accusing fingers at Governor Nyesom Wike.

The Governor, who has been at loggerheads with the National leadership of the Party and its Presidential Candidate, Atiku Abubakar, since he lost both the Presidential ticket and the Vice Presidential ticket, had declared all PDP supporters of the Atiku/Okowa ticket enemies.

He had put all kinds of laws in place in the State to get at them.

A few days ago, he revoked the permit given to the hosting of the PDP Presidential Campaign Rally  at the State’s biggest Stadium  in Port Harcourt citing an inexplicable excuse. Two days ago, he restored it, but the Rivers PDP PCC, tired of Wike’s antics,  rejected the restoration, and called it a Greek gift.

Wike had, also, last week, ordered the arrest and prosecution of alleged PDP Atiku supporters in the State at the venue of their meeting. 20 of them are being prosecuted.

On Wednesday, a Federal High Court restrained the Governor and Security Agencies, from harassing and/or arresting some high profile members of the PDP loyal to the National Leadership of the Party and the Candidate. They include former National Chairman, Prince Uche Secondus, Sekibo, Senate Lee Maeba, former Deputy Speaker of the House of Representatives, Rt Honourable Austin Opara, among others.

Accusing Wike of the alleged assassination attempt on him, Sekibo said he went to Rainbow Town, Porthacourt to inspect the level of preparation at the new venue for the Presidential Rally, when political thugs, who wore Police Uniform, at the venue, opened fire on him. He said their vehicles were Police hilux vehicles attached to Government House, PH. He, also, said the venue being prepared for the Rally was set on fire.

Sekibo: “As we approached the site, those Policemen who were watching the fire, opened fire on our vehicle. I looked at tye Hilux vehicles, they were Police Hilux Vehicles attached to the Governor of Rivers State.”

Nigeria Diplomatic Community, Ndigbo, Will Miss Obiozor Say Buhari, Uzodinma

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The Source
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Prof George Obiozor - Ohanaeze President

In their hundreds, Leaders poured encomia for late Professor George Obiozor.

The President of Ohanaeze Ndigbo Worldwide, Ambassador (Prof.) George Obiozor was, on Friday, laid to rest at his Awo Omamma country home in Oru East Local Government Area of Imo State, with President Muhammadu Buhari and Governor Hope Uzodimma agreeing that Nigeria, the Diplomatic Community and Ndigbo will miss him sorely.

President Buhari and Governor Uzodimma spoke in their separate remarks at the Maria Assumpta Catholic Cathedral, Owerri where the burial Mass for Prof Obiozor was conducted by the Auxiliary Bishop of Owerri Diocese, His Grace Moses Chikwe, was held.

The Governor said that “Nigerians, the Diplomatic Community will miss Prof. George Obiozor greatly,” a position President Buhari reiterated in his condolence message read on his behalf by the Minister of State, Mines, Chief Henry Ikoh.

Governor Uzodimma who described death as “very very wicked” said “the Igbo race has ’’lost a gem, Nigeria has lost a star, and the world has lost a man that can be described as a global encyclopedia.”

The Governor added that “the entire South East has lost a consummate and compassionate leader, Imo State has lost one of its illustrious sons, a pacesetter, erudite scholar, advisor, councilor, and one of the pillars of the 3R government.”

The Governor, therefore, enjoined the bereaved family, the Igbo race and Ohanaeze Ndibo in general to take heart, noting that “it is difficult to believe that Prof. Obiozor will die but it is the will of God that all mortals will, one day, join him in his bosom.”

Governor Uzodimma said that Prof. Obiozor represented a solid rock of support to his Government, “the kind only a father provides to his son.”

He noted that as a rare breed academic, Prof. Obiozor attained the pinnacle of his career, served Nigeria as an Ambassador to three countries of Cyprus, Israel and United States of America as well as played a key role in mid-wifing the Nigerian Institute of International Affairs to a global phenomenon, thereby helped to put Nigeria on the global map for positive reasons.

“Yet he was as humble as they came,” Uzodimma said.

He enjoined the family to have faith in God and encouraged everyone to pray for the deceased family, noting that “only prayers will console them.”

The Governor who reminded the deceased family that the Bible tells us not to mourn like those without hope, said “the legacies of Prof. George Obiozor will guide all who knew him to always remember him as a man who came and conquered his environment in all ramifications.”

Governor Uzodimma thanked those who attended Prof Obiozor’s burial and condoled with the friends of Prof Obiozor over the pain his death had caused them.

The Governor said every Nigerian and Ndigbo in particular have lost a great man. He agreed with everyone that spoke at the reception that Prof. Obiozor has not died.

In his condolence message,  President Buhari represented by Chief Iko also described Prof. Obiozor’s passing as a “great loss to Nigeria, the Diplomatic Community, Ndigbo and particularly the Igbo people.”

Buhari told the congregation that “Prof. Obiozor was a renowned academician, a diplomat par excellence who served Nigeria in different capacities as an ambassador in three countries where he gave a good  account of himself.”

The President added:  “Late Prof. Amb. George Obiozor was a Nigerian Patriot of the highest order and a famous Igbo Leader who, when it mattered most, led the Igbo socio-cultural group called Ohanaeze to carter for the interest of the Igbo Nation.”

He then concluded that the deceased left “an indelible mark in the sands of time,” emphasizing that “the Igbo Nation will indeed miss Prof. Obiozor, Nigeria will miss him and the diplomatic Community will miss him a great deal.”

President Buhari urged the Government and people of Imo State, Ndigbo, Ohanaeze Ndigbo Worldwide and Nigerians in general to bear the irreplaceable loss with fortitude.

In a brief homily, the Auxiliary Bishop of Catholic Diocese of Owerri, Bishop Chikwe reminded the congregation that “as Christians, death is the beginning of a new life, what we owe ourselves is to be always prepared for the last day, because the world we are into is ephemeral since we are going somewhere.”

He added: “We should always trust in God because our hope is in him. God is always interested in us and to be sure of us making heaven. Besides prayers we should reconcile with all now since we don’t know when the day will be.”

He thanked those who came to honour the late Prof Obiozor and his family.

He thanked, especially, Governor Uzodimma, the Owerri Diocese and all the people for their prayers, their financial and moral support.

The Bishop also thanked the leadership of Ohanaeze Ndigbo for the different arrangements they made “that culminated in the befitting burial of their husband, father, brother and uncle Amb. Prof. George Obiozor CON.”

The burial reception ceremony of Prof Obiozor held at the Rockview Hotel in Owerri, attracted the who is who in the South East regardless of political persuasion.

They included but not limited to the wife of the Governor of Imo State, Barr. (Mrs.) Chioma Uzodimma, the Deputy Governor of Imo State, Prof. Placid Njoku, Speaker, Imo State House of Assembly, Rt. Hon Emeka Nduka and his colleagues, and members of the Imo State Expanded Executive Council.

Others include, the Chief Judge of Imo State, Justice Theresa Chikeka and senior members of the State’s Judiciary.

Former Military Administrator of Imo State, Gen. Ike Nwachukwu, former Chief of Army Staff,  Gen. Ihejirika, elder statesman, Chief (Engr.) Emmanuel Iwuanyanwu, former Senate President Adolphus Wabara, former Governor of Imo State, Chief Ikedi Ohakim, former Minister of Health, Prof. ABC Nwosu, Secretary General of Ohanaeze Ndigbo World-wide, Ambassador Okey Emuchay,  former INEC National Chairman, Prof Maurice Iwu, former Governor of Anambra State, Dr. Chukwuemeka Ezeife, Senator Ben Obi, Senator Chris Anyanwu, Dr. Ijioma Aregbuogu, APC governorship candidate in Enugu, Chief Uche Nnaji, APC senatorial candidate for Orlu, Sen Osita Izunaso, among others.

The past and current leadership of Ohanaeze Ndigbo Worldwide, Dr. ABC Orjiakor, founder of SEPLAT Petroleum,  Eng. Ben. Alake from the Middle Belt Forum, representatives of the PANDEF, among others.

Members of the clergy include His Grace, the Most Rev. (Dr.) Augustine Ukwuoma, the Bishop of Orlu Catholic Diocese, Rev. Fr. (Dr.) Gilbert Alaribe, the Chaplin Government House, Chapel Owerri, and other clergymen.

Members of the traditional institution were represented by the Eze Imo, HRH, Eze EC Okeke, the Chairman of Imo State Elders Council, HRM Eze Cletus Ilomuanya, among others.

All the leaders who attended the reception and made remarks about him agreed that the late Prof Obiozor was a rare gem who served humanity and God with all that God endowed him with.

Appeal Court Sacks Abacha’s Son As PDP Governorship Candidate

By
The Source
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Mohammed Abacha

By Gideon Njoku

The Court of Appeal, Kano State Division, has sacked Mohammed Abacha as the Governorship Candidate of the Peoples Democratic Party, PDP. Kano State.

In a unanimous judgment read by the Honourable Justice Usman Musale, the three Justices of the Court ordered the Independent National Electoral Commission, INEC,  to recognize Sadiq Wali as the duly nominated Candidate of the Party.

INEC had, earlier, recognized Wali as the Candidate, but Abacha went to Court, and was adjudged the right Candidate. That prompted Wali to approach the Appeal  Court for justice.

That justice was given to him on Friday, 10th February, 2023,  by the Court of Appeal which declared that Abacha, a son of late Head of State, General Sani Abacha, did not participate in the PDP Primary Election, and therefore, could not have become the Candidate.

The Governorship Election is scheduled for 11th March, 2023.

PDP Expels Chimaroke Nnamani, Senatorial, Reps Candidates In Ekiti

By
Ayodele Oni
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Chimaroke Nnamani

By Ayodele Oni

The National Working Committee (NWC) of the Peoples Democratic Party (PDP) has expelled Senator Chimaroke Nnmani from the party.

Also expelled are a Senatorial Candidate, two House of Representatives Candidates from Ekiti State, in the election coming up in two weeks time – February 25, 2023.

Those expelled had earlier been suspended about two weeks ago for their refusal to attend the Presidential campaign rally held in Ado Ekiti earlier.

A statement on Friday by the Party’s Spokesman, Debo Ologunagba, stated that “at its 566th meeting today, Friday, February 10, 2023, PDP approved the expulsion of the following individuals from the Party for anti-Party activities and other grave offences in violation of the Constitution of the PDP as amended in 2017

“Those expelled from the Party are:

Senator Chimaroke Nnamani, Enugu State; Hon. Chris Ogbu, Imo State.

“Others are: Ajijola Lateef Oladimeji, Ekiti Central; Olayinka James Olalere, Ekiti Central II; Fayose Oluwajomiloju John, Ekiti Central I; Akerele Oluyinka, Ekiti North I; Emiola Adenike Jennifer, Ekiti South II

“The expulsion takes effect from today, Friday, February 10, 2023.”

Nnamani, a two-term Enugu State Governor under the PDP, a two-term Senator on the ticket of the PDP who is also vying for a third-term under the PDP, has brazenly been playing anti-party activities by openly supporting, and campaigning for the Presidential Candidate of the All Progressives Congress, APC, Bola Tinubu, at the expense of his Party’s Presidential Candidate, Atiku Abubakar.

He, lately, attributed his action to the non-zoning of the Presidential ticket by the PDP to the South, an excuse which has been dismissed by not a few people as an after-thought.

Fidelity Bank Poaches Shodipo From UBA

By
Tosin Olatokunbo
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Pamela Shodipo

Pamela Shodipo has left her job with the United Bank for Africa, UBA. She is now an Executive Director with Fidelity Bank Plc, a development one industry player described as a strategic “cross carpeting” by one of the best professionals in the banking and financial  sector.

Fidelity Bank announced Shodipo’s appointment on Thursday, saying she has been saddled to handle the South Directorate subject to approval by various regulatory bodies.

The Nneka  Onyeali- Ikpe led commercial bank disclosed that it’s new hire is coming into the new role with 25 years experience covering public and retail banking within and outside Nigeria.

Until her new appointment, Shodipo was the Managing Director, UBA Benin Republic, the position she held for one year between November 2021 and December 2022.

Mustafa Chike- Obi, Chairman, Fidelity Bank Board of Directors said of her appointment: “We are pleased to have Pamela Shodipo join the Board of Fidelity Bank Plc. Her diverse experience across multiple functions in the banking industry is a welcome addition to the Board at this time. We are optimistic that she would play a key role in our quest to- deliver prompt, value-adding and financially empowering services to our growing customer base.”

She holds a Bachelor of Science degree in Psychology from the University of Lagos and Master’s in Business Administration from University of Wales College of Cardiff, United Kingdom.

As part of her efforts to help her career in the ever mobile sector , she has attended several business, leadership and executive development programmes at world-class institutions including Lagos Business School, Harvard Business School and University of Oxford, United Kingdom.

She is also an alumna of Lagos Business School Senior Management Programme (SMP22) and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria, CIBN.

Recall that Nnamdi Okonkwo, the Group Managing Director of First Bank Holdings also left his job as Managing Director, UBA Ghana to join Fidelity BanK. He later became the Bank’s chief executive in 2014, the position he held until December 2020.

Nigeria Decides: Obi Leads In Six Polls Including Bloomberg’s Latest Poll

By
The Source
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Peter Obi in Gombe

Barely a fortnight before the 2023 Presidential election on February 25th, Labour Party’s standard bearer, Peter Obi is still leading in the latest opinion poll released by an international agency, Bloomberg

According to a statement from the Obi-Datti Media office,

the LP Candidate emerged as the most popular candidate in six polls including the two surveys conducted by Premise for Bloomberg. Another poll released this week by Lagos-based media and data company, Stears predicted that Obi will win in the event of a high turnout, but lose to Bola Tinubu of the APC if participation is weak.

The latest poll from a San Francisco-based Premise polled 2,384 Nigerians from Jan. 26 to Feb. 4 via a smartphone app. with submissions selected from quotas developed by age, gender, and location across the country’s six geopolitical zones, the company said. Results were then weighted against the original quotas to ensure national representation.

Two-thirds of respondents said they intend to vote for Obi, a third-party candidate, in elections scheduled for later this month. The results of the survey conducted for Bloomberg News by Premise Data Corp. were published on Friday – 15 days before the vote to choose President Muhammadu Buhari’s successor.

Of the 93% of participants who said they’ve decided how to vote, 66% named Obi as their preferred choice. Obi scored a slightly higher 72% among decided respondents in an earlier Premise poll that was released by Bloomberg in September as the official election campaign kicked off.

About 44% of Nigerians have smartphones, according to the Alliance for Affordable Internet. Premise estimates that the access rate rises to 74% among the voting-age population.

Obi’s rival candidate Bola Ahmad Tinubu of the ruling APC came a distant second with 18% while PDP’s Atiku Abubakar came third with 10% among the decided voters.

Naira Redesign: Council Of State Urges CBN To Allow Old Notes Circulate

By
Ayodele Oni
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Buhari with Council of State Meeting

By Ayodele Oni

The Council of State has endorsed the naira redesign policy but with a caveat that the Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, should make new Naira notes available or recirculate the old notes to ease the suffering of Nigerians.

The hybrid meeting, was presided over by President Mohammadu Buhari, and lasted for over four hours, at the Council Chambers, Presidential Villa, Abuja.

In attendance were former Heads of State, Gen. Yakubu Gowon (retd), Gen. Abdulsalami Abubakar (retd) and Goodluck Jonathan, while former President, Olusegun Obasanjo, joined the meeting online.

Two former Chief Justices of the Federation, Alfa Belgore and Mahmud Muhammad, were also in attendance.

Briefing State House correspondents at the end of the meeting, Governors of Taraba, Darius Ishaku , Lagos, Babajide Sanwo-Olu, and the Attorney General of the Federation and Minister of Justice, (AGF) Abubakar Malami, said generally the policy was accepted by members but raised concerns about the implementations.

Ishaku said “The CBN was advised to make money available in quantum. The old money can also be recirculated to ease the suffering of the poorest of the poor.”

Sanwo-Olu, on his part stated that Chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, and Inspector General of Police (IGP), briefed the council on state of preparedness for the 2023 general elections, and assured that they were fully prepared.

Malami said: “We are on course as far as election preparedness is concerned.”

Naira Crisis: NSA Backs Govs, Warns Of Security Implications

By
Tosin Olatokunbo
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0

The National Security Adviser, NSA, Major Gen. Babagana Monguno (rtd.) has expressed dissatisfaction with the the naira redesign policy of the Central Bank of Nigeria, CBN, which has received scathing remarks from not a few Nigerians, and the International community for the hardship it has imposed on the public.

Mungonu who spoke on Thursday while appearing before the House of Representatives adhoc committee on Naira redesign and curency swap said the policy is posing a big security risk to the country.

The World Bank and International Monetary Fund, IMF have advised the federal government to give more time for the demonetisation  of the old banknotes,

For instance, the NSA who was represented by Abubakar Mustapha, a director in his office in charge of Defence said troops performing sensitive assignment in some part of the country have found it difficult to get their salary through digital channels.

He said the policy has serious implication for the upcoming election because “some of our soldiers are deployed in places where they cannot actually access digital means of paying for their daily subsistence.”

He tasked the committee on the need to “articulates better ways of actually addressing these issues.”

The NSA position on the issue is quite different from President Muhammadu Buhari and CBN governor, Godwin Emefiele who have insisted that the naira swap deadline of February 10 subsists.

The federal government would have gone ahead to phase out the old naira notes today if not for the Supreme Court ruling early this week that the N200, N500, and N1000 remain a legal tender for now, after a suit filed before it by three state governors of Zamfara, Kogi and Kaduna.

The apex court ruling has somehow mitigated tension after a slew of protests in some parts of the country over the scarcity of the new naira notes, some policy analysts say.

Recall that Governor Nasir El Rufai of Kaduna State had branded some presidency officials as fifth columnists capitalising on the currency swap to frustrate the emergence of Bola Tinubu, the All Progressives Congress, APC, as president in the February 25 election.

El Rufai made the allegation a few days after Tinubu also alleged that his enemies in Buhari’s govrenment are targeting his presidential ambition using the twin problems of fuel and naira scarcity currenclty facing the county.

The Presidency, however, denied such group exists in the administration.

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