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July 12, 2024 Tinubu Renames National Theatre After Soyinka

Tinubu Renames National Theatre After Soyinka

President Bola Tinubu has announced the renaming of the National Theatre in Lagos to The Wole Soyinka Centre for Culture and the Creative Arts, in honor of Nobel Laureate Wole Soyinka's 90th birthday on July 13.

Tinubu expressed admiration for Soyinka's profound impact on literature, activism, and democracy in Nigeria, praising him as a beacon of courage and enlightenment. He highlighted Soyinka's pivotal role in Nigeria's struggle for democracy after the annulment of the June 12, 1993, presidential election, noting his global stature and unwavering stance against injustice and corruption.

Soyinka, acclaimed globally as a playwright, novelist, poet, and advocate for good governance, was the first African to win the Nobel Prize for Literature in 1986. The National Theatre, initially completed in 1976 for the Festival of Arts and Culture (FESTAC), has served as a prominent venue for the performing arts in Nigeria. Tinubu's decision follows his recent naming of the Arterial Road N20 in Abuja after Soyinka, underscoring the president's recognition of the laureate's enduring legacy.

July 12, 2024 Court Imposes N10 Billion Bail Bond on Former Minister of Power, Saleh Mamman

Court Imposes N10 Billion Bail Bond on Former Minister of Power, Saleh Mamman

Justice James Kolawole Omotosho of the Federal High Court in Abuja has imposed a hefty N10 billion bail bond on Saleh Mamman, the former Minister of Power, in connection with N33 billion money laundering charges leveled against him by the federal government.

The ruling, delivered on Friday, mandates the bail bond to be backed by a reputable Nigerian bank. Failure to comply could result in forfeiture of the entire sum to the federal government should Mamman evade trial.

READ ALSO: Alleged ₦33.8B Fraud: Court Orders Former Minister of Power Saleh Mamman to Prison

The bail application, argued by Senior Advocate of Nigeria (SAN) Femi Ate on behalf of Mamman, also offered an alternative where the defendant must provide two sureties, each with assets valued at a minimum of N750 million within Abuja. These assets must have verifiable titles registered with the court registrar, accompanied by evidence of three years of tax payments.

Additionally, Mamman and his sureties are required to deposit their international passports with the court and are prohibited from traveling outside the country without court approval.

Pending the fulfillment of these bail conditions, Justice Omotosho ordered Mamman to be remanded in Kuje prison.

RELATED: Former Minister Saleh Mamman Collapses Outside Courtroom as Money Laundering Case Commences

The charges against Mamman, filed by the Economic and Financial Crimes Commission (EFCC) on behalf of the federal government, include 12 counts of money laundering. Mamman, who served under former President Buhari from 2019 to 2021, pleaded not guilty to these charges during his arraignment on July 11.

As Mamman and his associates strive to meet these stringent bail conditions, the case continues to draw significant attention.

July 12, 2024 Kenyan Youths Call for President Ruto’s Resignation, Plan New Protests

Kenyan Youths Call for President Ruto’s Resignation, Plan New Protests

Young Kenyans on Friday dismissed President William Ruto’s decision to dismiss most of his cabinet, with some warning that they would resume street protests unless he steps down. Ruto has been struggling to contain the fallout from deadly protests against proposed tax hikes, which escalated into violence last month and highlighted widespread anger against his government.

The protests, largely organized online by young, Gen-Z Kenyans, have plunged Ruto’s administration into the most serious crisis of his two-year presidency, forcing him to abandon the finance bill containing the tax hikes. In his latest move to defuse tensions, Ruto on Thursday dismissed all cabinet ministers, including the attorney-general, except for Foreign Minister Musalia Mudavadi and Deputy President Rigathi Gachagua.

While some welcomed the announcement, many young Kenyans remain frustrated with Ruto’s failure to deliver on his 2022 election promises to create jobs and improve their fortunes. Hyrence Mwangi, 25, said, “We will be back on the streets until Ruto goes. He has wasted two years in office traveling and telling lies.”

Initially peaceful, the protests escalated sharply when police fired at crowds who stormed parliament, ransacking the partly ablaze complex. Anger against the government, particularly towards the police, has not subsided, with rights groups reporting that 39 people were killed during the demonstrations.

“When we first went to the streets, Ruto dismissed us as a bunch of hired goons and criminals, only to come later and start saying he will make changes,” said 27-year-old Jackson Rotich. “We can’t trust him.”

Law student Melisa Agufana, 24, expressed cautious optimism, saying she wanted to “thank the president for listening” and noting that the dismissed ministers had “wasted two years doing nothing apart from being driven around with our national flag.”

Analysts have warned of further risks despite the possibility of a fresh start. Gabrielle Lynch, professor of comparative politics at the University of Warwick, told AFP, “The challenge that Ruto now faces is forming a new cabinet that includes various vested interests, whilst simultaneously calming popular anger.”

Last week, Ruto announced sharp cuts to government spending, including travel and refurbishment costs, and said he would increase borrowing to pay for some services even as Kenya grapples with massive foreign debt equivalent to roughly 70 percent of GDP. The crisis led US-based Moody’s to downgrade Kenya’s debt rating further into junk territory, warning of a negative outlook, making borrowing even more expensive for the cash-strapped government.

Ruto said Thursday that he would “immediately engage in extensive consultations across different sectors and political formations, with the aim of setting up a broad-based government,” without elaborating further.

July 12, 2024 Minimum Wage Negotiations Between Tinubu and Labour Postponed to Next Week

Minimum Wage Negotiations Between Tinubu and Labour Postponed to Next Week

President Tinubu and Organized Labour Adjourn Minimum Wage Talks Until Next Week for Wider Consultation

Thursday's discussions between President Bola Tinubu and Organized Labour regarding the minimum wage have been postponed to next week to allow for broader stakeholder consultation.

The leadership of Organized Labour, including Nigeria Labour Congress President Joe Ajaero and Trade Union Congress President Festus Osifo, arrived at the State House around 2:00 pm and were ushered into the President's office.

The Tripartite Committee on the new national minimum wage had recently proposed two figures to the President: the organised private sector and the government team suggested N62,000, while Organized Labour demanded N250,000. Due to this discrepancy, the President has delayed submitting any figure to the National Assembly, opting instead for further consultation to resolve the contentious issues.

After the meeting, Ajaero informed State House Correspondents that no negotiations took place during the one-hour meeting; instead, it discussed the country's current economic realities. He mentioned that they agreed to reconvene in a week after considering the issues more thoroughly.

Ajaero clarified that they did not discuss specific amounts, with the current figures of N250,000 and N62,000 remaining unchanged until further conversations.

Osifo added that they presented all economic indices and their impact on Nigerians to the President, emphasizing the urgent need for government action on food scarcity and security challenges.

Despite the lack of resolution, Minister of State for Labour and Employment, Nkeiruka Onyejeocha, described the meeting as "fruitful," likening it to a "father-children meeting" and expressing hope for a positive outcome soon.

Minister of Information and National Orientation, Mohammed Idris, remained optimistic about reaching an agreement after next week's talks. He highlighted that the government had proposed N62,000, but Labour had yet to accept it.

Sources privy to the meeting revealed that President Tinubu urged Labour to consider the N62,000 offer, suggesting the possibility of reviewing the minimum wage every two years instead of five. Tinubu emphasized realistic expectations and a pragmatic approach to wage adjustments.

NLC President Ajaero stressed the need for an upward adjustment to the minimum wage, noting the challenges faced by Nigerian workers. He also congratulated the President on the Supreme Court judgment affirming local government autonomy.

TUC President Osifo highlighted the adverse effects of inflation on the naira's value and emphasized the importance of government measures to address rising costs of food and transportation. He praised the Supreme Court's judgment as a historic milestone that will aid Nigeria's progress.

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