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September 23, 2024 Tinubu Urges Okpebholo: Your Victory is a Call to Serve
IFMNEWS

Tinubu Urges Okpebholo: Your Victory is a Call to Serve

President Bola Tinubu has extended his congratulations to Monday Okpebholo of the All-Progressives Congress (APC) for his victory in the Edo State governorship election held on Saturday.

Okpebholo, aged 54, won with 291,667 votes, defeating Asue Ighodalo of the People’s Democratic Party (PDP), who garnered 247,274 votes, and Olumide Akpata of the Labour Party (LP), who finished third with 22,763 votes. Fourteen other candidates participated but trailed behind the top contenders.

In a statement released on Sunday by presidential spokesman Bayo Onanuga, Tinubu urged Okpebholo to view his victory not as a moment for celebration but as a serious "call to service." The President advised him to show leadership by extending an olive branch to his political opponents and working to unify the people of Edo State for the progress of the region.

Tinubu also commended the other candidates for their participation, acknowledging their role in promoting Nigeria's democracy. He emphasized that peaceful elections, like the one held on Saturday, reflect the strength of the country's democratic system.

The President encouraged any dissatisfied parties to pursue legal remedies and praised the Independent National Electoral Commission (INEC) and security agencies for ensuring a smooth, peaceful, and largely problem-free election. He further noted that INEC continues to demonstrate its commitment to organizing free and fair elections across the nation.

September 22, 2024 #EdoDecides2024: INEC to Commence Collation of Results at 10 AM
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 Low Voter Turnout Recorded in Imo LG Election
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 CBN Addresses Controversy Surrounding Policy Document
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%.

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