News
Naira Crisis: Buhari Extends Validity Of Old N200 Note Till April 10
President Muhammadu Buhari has extended the validity of the old N200 notes till April 10, 2023.
President Muhammadu Buhari has extended the validity of the old N200 notes till April 10, 2023.
The president announced this in a national broadcast on Thursday Monday.
“I am addressing you as your democratically elected president to sympathise with you over the hardship being experienced as a result of the naira redesign policy.”
“To further ease the supply pressures particularly to our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from February 10, 2023 to April 10 2023 when the old N200 notes ceases to be legal tender.”
“17. In line with Section 20(3) of the CBN Act 2007, all existing old N1000 and N500 notes remain redeemable at the CBN and designated points.
“Considering the health of our economy and the legacy we must bequeath to the next administration and future generations of Nigerians, I admonish every citizen to strive harder to make their deposits by taking advantage of the platforms and windows being provided by the CBN.”
Politics
BREAKING: PDP BoT holds emergency meeting amid Anyanwu, Ude-Okoye crisis
The Peoples Democratic Party, PDP, Board of Trustees, BoT, is currently holding an emergency meeting.
The meeting was called to find lasting solutions to the current leadership crisis bedeviling the party.
Those who have arrived include the BoT Chairman, Senator Adolphus Wabara; Secretary of the BoT, Senator Ahmed Makarfi; and former Governors Achike Udenwa, Sam Egwu, Babangida Aliyu, Senator Ben Obi, and Chief Olagunsoye Oyinlola, among others.
The meeting is holding amid the crisis surrounding the struggle for who occupies the position of the PDP National Secretary.
Last week, at the PDP national secretariat, a fight broke out between Samuel Anyanwu and Sunday Ude-Okoye during its BoT meeting.
The crisis between the duo started when Anyanwu left to contest for Imo State governorship election and Ude-Okoye was was selected by the Southeast arm of the party to replace him.
This led to a lawsuit, after which the Court of Appeal sitting in Enugu declared Ude-Okoye as the substantive National Secretary.
But Anyanwu said Ude-Okoye has no authority to assume the position, despite the ruling.
Anyanwu cited his appeal of the ruling at the Supreme Court as grounds for maintaining the status quo
News
BREAKING: Senate approves termination of appointment of 3 Resident Electoral Commissioners
The Nigerian Senate has approved the termination of three Resident Electoral Commissioners who have been suspended since 2023 for flouting the provisions of the Independent National Electoral Commission, Act
The approval followed the request from President Bola Ahmed Tinubu, urging the Senate to terminate the appointments of the embattled State Resident Electoral Commissioner for Adamawa, Sokoto and Abia.
Sponsor of the motion and Leader of the Senate, Michael Bamidele Opeyemi sought the invocation of Section 157 of the Constitution of the Federal Republic of Nigeria, 1999 as amended, saying that the law empowers the Chamber to approve the request.
Those whose appointments will be terminated include, Dr Nura Ali, Sokoto State Resident Electoral Commissioner, Barr. Hudu Yunusa Ari, Adamawa State Resident Electoral Commissioner and Professor Ikemefuna Chijioke Uzochukwu, Abia State Resident Electoral Commissioner respectively.
He said, “Aware that the aforementioned Resident Commissioners were earlier suspended in 2023, bordering on allegations of infractions of the Electoral Act; compromise of elections and abandonment of duty without cogent reasons.”
A copy of the motion sighted by Newsmen on Wednesday revealed that the Office of the National Security Adviser, NSA, and the Department of State Services, DSS, indicted Dr. Nura Ali in their reports, having confessed to corruption, incompetence and receiving bribe to the tune of $150,000 from politicians.
According, the plenary which was presided by the Senate President, Godswill Obot Akpabio activated the relevant provisions of the Constitution and approve the termination of appointment of the affected Commissioners.
News
Tinubu Departs for France Ahead of AU Summit
President Bola Tinubu will depart Abuja on Wednesday for a private visit to Paris, France, before proceeding to Addis Ababa for the 46th Ordinary Session of the Executive Council and the 38th Ordinary Session of the Assembly of the AU Heads of State.
“The president will arrive in Addis Ababa early next week for the AU summit,” Mr Bayo Onanuga, presidential spokesman, said in a statement.
The AU Summit is scheduled to hold from Feb. 12th to 16th.
“In Addis Ababa, President Tinubu will join African leaders at the 46th Ordinary Session of the Executive Council and the 38th Ordinary Session of the Assembly of the AU Heads of State, scheduled for Feb. 12th to 16th.
Hea said while in France, President Tinubu would meet with his French counterpart, President Emmanuel Macron.
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