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September 22, 2024

September 22, 2024 IFMNEWS

#EdoDecides2024: INEC to Commence Collation of Results at 10 AM

The Independent National Electoral Commission (INEC) has announced that the collation of results from Saturday's Edo State governorship election will commence at 10 am today. This was revealed in a statement issued early Sunday by the Resident Electoral Commissioner (REC) in Edo State, Dr. Anugbum Omuoha.

Dr. Omuoha assured the public that the collation process would be conducted transparently, adhering to INEC’s established regulations. "This is to inform the general public, stakeholders, and observers that the collation of results for the ongoing Edo State governorship election will resume today, Sunday, September 22, 2024, at 10 am," the statement read.

He reiterated INEC’s commitment to following laid down guidelines and expressed gratitude for the patience and cooperation of all parties involved. “We appreciate the patience and cooperation of the parties as we strive to ensure a credible and accurate outcome of this important election,” he stated.

The REC also called on all stakeholders to remain calm and orderly, emphasizing that INEC is dedicated to delivering a free, fair, and transparent election in Edo State.

September 21, 2024

September 21, 2024September 21, 2024 IFMNEWS

Low Voter Turnout Recorded in Imo LG Election

Late arrival of materials and low voter turnout were some of the challenges recorded in the the local government election in Imo State on Saturday.

Even though the exercise was relatively peaceful in areas monitored, some civil society groups who monitored the election say the low turnout may be due to low sensitization by the Imo state Independent Electoral Commission (ISIEC).

Some ISIEC officials said the delay in the commencement of the exercise was due to logistics problem and unforeseen circumstances.

They, however, promised to extend the time of voting till everyone eligible to vote at various polling centers is given the opportunity to exercise their civic responsibility.

September 20, 2024

September 20, 2024September 20, 2024 IFMNEWS

CBN Addresses Controversy Surrounding Policy Document

The Central Bank of Nigeria (CBN) has issued clarifications regarding its "Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025," which was published on September 17, 2024. In a statement on Friday, the CBN announced that it has temporarily withdrawn the document to prevent misinterpretation and confusion among stakeholders.

The bank explained that the guidelines are a compilation of existing policies up to December 31, 2023, not new directives. Some media outlets had misreported aspects of the document, leading to confusion, particularly on issues like the Cyber Security Levy and the connection between fuel subsidy removal and external reserves.

The CBN emphasized that the guidelines are meant to provide a reference for stakeholders and that revisions may occur as necessary. It urged stakeholders to seek clarification before reporting on CBN policies to avoid further misinterpretation.

This clarification followed concerns over the bank's intention to maintain its Ways and Means Advances to the Federal Government at a 5% limit, which contradicts a National Assembly bill that raised the borrowing cap to 10%.

September 20, 2024

September 20, 2024September 20, 2024 IFMNEWS

I Don’t Regret Saying Edo Election Is Do Or Die Affair – Obaseki

Governor Godwin Obaseki of Edo State has stated that he has no regrets about calling the upcoming September 21 governorship election a "do or die" affair. The governor has faced criticism, particularly from the opposition party, for his remarks.

Speaking during a monitored program, Obaseki defended his statement, explaining that the election is crucial for the future of Edo State, as he believes the state would be "doomed" if the All-Progressives Congress (APC) wins. He claimed that the opposition has plans to rig the election and warned that the people of Edo would resist any such attempt.

Obaseki also voiced his concerns about police bias ahead of the election, accusing them of unprofessionalism. "It’s a do-or-die affair because if they [the APC] take over, Edo is finished. The level of impunity and recklessness we see in the opposition is alarming," he said.

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