A Senior Advocate of Nigeria, Olisa Agbakoba has urged President Bola Tinubu to appoint his cabinet without wasting time. Agbakoba said Tinubu should appoint good people into his cabinet. He suggested the replacement of the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, with either Mustafa Chike-Obi, the Chairman of Fidelity Bank Nigeria or Yemi Cardoso who is the Chairman of the Board of Directors of Citibank Nigeria. He spoke during an interview with Arise Television. Agbakoba said: “We need to talk about a limited government. The government is too big, he needs to have good people. “The timeline for…
Author: meridianspy
The Central Bank of Nigeria (CBN) has denied the report of the devaluation of the Naira to 630 Naira to a Dollar. The CBN in a statement signed by its acting spokesman, Isa AbdulMumin, on Thursday said the details of the report do not conform with the realities of the Nigerian Foreign Exchange Market. “For the avoidance of doubt, the exchange rate at the Investors and Exporters (I&E) window traded this morning (June 1, 2023) at N465/US$1 and has been stable around this rate for a while,” the statement read in part. The CBN urged the public to disregard the…
The National Assembly management has commenced clearance of members of the Senate and the House of Representatives for payment and collection of severance packages, as the 9th Assembly winds down. The Clerk of the House, Yahaya Danzaria, made this known in a notice to members at the plenary on Wednesday. The 9th Assembly, which was inaugurated on June 11, 2019, is expected to wind down by the first week of June, while the 10th Assembly is billed for inauguration on June 13, 2023. The Speaker of the House, Femi Gbajabiamila, read out the Clerk’s notice to members on the floor.…
Brazil’s Supreme Court has sentenced former president, Fernando Collor de Mello to eight years and 10 months in prison for corruption on Wednesday, part of the fallout from the country’s sweeping Car Wash graft investigation. The high court had convicted Collor of taking 20 million reais ($4 million) in bribes as a senator from 2010 to 2014 in exchange for arranging contracts for a construction company with a subsidiary of state-run oil company Petrobras. Collor, 73, who led Brazil from 1990 to 1992, was already a tarnished figure in Brazilian politics: the country’s first democratically elected president after the 1964-1985…
Governor Dauda Lawal Dare of Zamfara State has accused his predecessor, Bello Muhammad Matawalle, of going away with 17 government vehicles and looting property including television and cookers from the state government house. Dare of the Peoples Democratic Party (PDP) defeated Matawalle of the All Progressives Congress (APC), who sought a second term, in the March governorship election. Speaking during a phone in programme on in Gusau, the state capital, Vision FMthe governor said his predecessor also left behind an empty treasury and huge debt. APC women leaders kidnapped after attending Kaduna gov’s inauguration He said, “Former governor Bello Matawalle had…
The Nigeria Labour Congress (NLC) has urged the Federal Government to immediately instruct the Nigerian National Petroleum Company Ltd (NNPCL) to withdraw the just released pricing template to allow free flow of discussions by the parties. Joe Ajaero, the NLC President, made the call in a statement signed by him and made available to newsmen on Wednesday in Abuja. Ajaero said that the new pricing template is vexatious, an ambush and may scuttle its ongoing dialogue with the federal government. According to Ajaero, government cannot in one breathe be talking about deregulation and at the same time fixing the prices…
President Bola Tinubu on Wednesday had a meeting behind closed doors with the Chairman of the Economic and Financial Crimes Commission, (EFCC), Abdulrasheed Bawa, at the Presidential Villa, Abuja. The meeting comes barely 24 hours after Tinubu directed the Department of State Services, DSS, to vacate the Ikoyi office of the anti-graft commission. Bawa, who arrived at the Villa a few minutes past 2pm was ushered into the President’s office complex. Although the purpose of the meeting is not yet public, it may not be unconnected to the reported disagreement between the EFCC and the DSS over the ownership…
The Nigerian National Petroleum Company, NNPC, Limited has instructed all petroleum marketers to adjust retail prices for the premium motor spirit to a range between N488 to N555 per liter. The instruction which hit marketers early today cited management approval of the upward review of NNPC PMS pump price table for Mega/Standard/Leased Stations. The new table of retail prices for different geopolitical zones of the country will be implemented by retail managers was instructed to take immediate effect beginning from May 31, 2023. “Please implement meter change as approved effective today 31st May 2023. Wayne is to attend to all…
Yakubu Suleiman, the national spokesperson of the Independent Petroleum Marketers Association of Nigeria (IPMAN), says over 100 petrol stations have been sanctioned for increasing pump prices. Briefly after President Bola Tinubu’s speech on May 29 that the petrol subsidy has been cancelled, panic buying erupted in some parts of the country as some marketers closed shops, leading to large queues in filling stations across the country. In Lagos, Abuja, and other parts of the country, it was observed that since May 29, some filling stations ceased operations; while those that dispensed petrol increased prices as large queues of customers lined…
The Presidential Election Petition Court has adjourned to June 1, the hearing of the petition by the Labour Party and its candidate, Peter Obi, against the president, Bola Tinubu, following the illness of two key staff members of his legal team. Counsel for the petitioners, Awa Kalu, SAN, persuaded the court to adjourn further proceedings on the case he filed to challenge the outcome of the February 25 presidential election through which Tinubu emerged as president. Kalu, SAN, representing the petitioners told the court on Wednesday that two key members of the team suddenly fell ill and would not attend…
There was palpable tension on Wednesday morning at the Plateau State House of Assembly following the fresh sealing of the facility by the police. A member of the state House of Assembly, Gwottson Fom from Jos South Constituency confirmed the development to The PUNCH in Jos on Wednesday morning. Gwottson who condemned the action of the police said that the development had prevented the state lawmakers from reconvening for the plenary scheduled for Wednesday. Lamenting the situation, Gwottson said, “We held our plenary yesterday (Tuesday) without any problem, and we considered some important bills and passed some motions for the…
The Senate yesterday approved N1.4trn as 2021 and 2022 budgets of the Niger Delta Development Commission. Of the amount, N485.7bn is for the 2021 fiscal year; while N928.2bn is for 2022. The approval followed the consideration of a report by the Senate Ad hoc Committee on 2021 and 2022 budget estimates of NDDC at plenary. The immediate former president, Muhammadu Buhari, had earlier this year, asked the Senate to approve NDDC’s budgets for 2021, 2022 and 2023. The request for approval came after the interventionist agency had spent the funds for the 2021 and 2022 financial years, totaling N1.4trn without…