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November 9, 2023 Imo REC Will Conduct Gov Poll, INEC Insists

Imo REC Will Conduct Gov Poll, INEC Insists

Despite growing calls that the Resident Electoral Commission (REC) in Imo State, Professor Sylvia Agu, be removed, the Independent National Electoral Commission (INEC) has insisted that there is no reason to remove the official.

In an interview, the Chief Press Secretary to INEC Chairman, Rotimi Oyekanmi, noted that there was no reason to remove the REC, adding that complaints against AGU were based on suspicion.

The spokesperson for the INEC chairman, Professor Mahmood Yakubu, took disciplinary actions against its RECs in Abia, Sokoto, and Adamawa states during the general elections earlier in the year when they acted outside the provisions of the commission.

Meanwhile, the Inspector General of Police (IGP), Kayode Egbetokun, has had to redeploy Mohammed Barde as the Commissioner of Police in Imo State for “neutrality’s sake” following demands by the Organized Labour that Barde was complicit in the attack on the President of the Nigeria Labour Congress (NLC), Joe Ajaero.

November 9, 2023 Court Grants Emefiele Bail, Orders FG To Release Him

Court Grants Emefiele Bail, Orders FG To Release Him

The High Court of the Federal Capital Territory has granted former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele bail.

Justice Olukayode Adeniyi ordered that Emefiele be released immediately to his lawyers, who were charged with the responsibility of producing him in court for his arraignment next week or any other day.

According to the judge, the former bank chief must also deposit his travel documents before the chief registrar of the court, pending his arraignment.

The judge also pointed out that there must be an end to detention without trial.

The substantive motion on notice and the preliminary objection was adjourned to November 17, 2023 for hearing.

The Counsel to Emefiele reacted to the ruling after the court hearing.

November 9, 2023 Old Banknote Remains Legal Tender Says CBN

Old Banknote Remains Legal Tender Says CBN

The Central Bank of Nigeria (CBN) has directed all its branches nationwide to continue issuing various denominations of old and redesigned banknotes in ample quantities to deposit money.

The apex bank disclosed this in a statement signed by its Director of Corporate Communications, Isa Abdulmumin, and posted on its X handle.

This comes in response to reports of cash shortages in major cities, despite earlier assurances from the CBN about sufficient cash availability nationwide.

The apex bank also maintained that every banknote it has issued remains legal tender and should not be rejected by anyone.

The statement cautioned against panic withdrawals and advised members of the public to continue to embrace alternative modes of payment to reduce the pressure on using physical cash.

November 9, 2023 Obi Faults Tinubu’s N2.17tn Supplementary Budget

Obi Faults Tinubu’s N2.17tn Supplementary Budget

The presidential candidate of the Labour Party, Peter Obi, has faulted the signing into law of the N2.17 trillion supplementary budget by President Bola Tinubu.

President Bola Tinubu signed the 2023 Supplementary Budget of 2.17 trillion naira into law yesterday after the National Assembly passed the Appropriation Bill after a third reading.

Reacting in a statement, Obi claimed that the president failed to consider certain emergencies and pressing needs of the country.

He noted that, going by the manner in which the budgetary allocations were done, it was obvious the president was unaware of the dire crisis in the country.

Some allocations in the supplementary budget sparked public outrage.

Notable among them were the N5 billion for a presidential yacht, the N4 billion request for the renovation of the president’s Abuja residence, and the N2.5 billion allocation for the vice president's quarters.

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