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Rumble in Edo as governor runs government without cabinet
Precisely 129 days into his second tenure as governor of Edo State after his election on September 20, 2020 and inauguration on November 12, 2020, Godwin Obaseki, has not formed his cabinet. This has generated some flaks from different quarters, including the opposition party, All Progressives Congress (APC), constitutional lawyers, political analysts, public commentators, residents among others. While others feel that Obaseki has not committed any crime or breached any law, others believe that he is running a one-man administration and must go ahead to form his cabinet. They argued that going by Section 192 of the 1999 Constitution, the governor is obliged to form a cabinet, saying this is a circumvention, which the state House of Assembly should take action on. Obaseki had said that his ...
Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor
The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...
Rivers governor urges media practitioners to report objectively
Gov Nyesom Wike of Rivers on Tuesday urged media practitioners to be more circumspect while reporting issues that could further polarise the country. Wike gave the advice in Port Harcourt at a meeting held to reconcile Gov Samuel Ortom of Benue and his Bauchi State counterpart, Bala Mohammed. He advised media houses to play a role in stabilising the peace and unity of Nigeria. “The press should have a role to play in stabilising the country; it is not everything you must report. You don’t try to escalate things and when you do that you are not helping the country,” he said. Wike thanked the two governors for amicably resolving their differences. “We give God the glory today that the differences have been sorted out,” he said. Similarly, Ortom thanked Wike and Gov Ahmed Fintiri of Adamawa f...
Bauchi, Benue governors reconcile in Port Harcourt
Rivers State Governor, Nyesom Wike, on Tuesday, brokered a truce between the Governor of Benue State, Samuel Ortom and Governor of Bauchi State, Senator Bala Mohammed in Port Harcourt. The conflict was resolved following the intervention of Governor Wike and his Adamawa State counterpart, Governor Ahmed Fintiri. Briefing journalists at the meeting, which held at Governor Wike’s private residence at Rumuepirikom, Governor Mohammed said the outburst between him and Governor Ortom over herders/Fulani profiling was regrettable. “We don’t mean to divide the country, to divide our people. We are still friends and brothers and that we will move forward because most of those issues are fully resolved. “I want to seize this opportunity to tell Nigerians that whatever misconception that is there, th...
Australia’s competition chief claims victory after Facebook standoff
The architect of Australian media reforms being watched around the world claimed victory on Wednesday, even as critics said concessions to the laws forcing Big Tech to pay for news content have given Facebook and Google a get-out clause. The Australian government made late changes to the laws after Facebook last week blocked news content in Australia, escalating a dispute over the proposed legislation and catching international attention. The amended legislation is expected to pass the Senate this week, despite opposition from some minor opposition parties and independent politicians who argue it disadvantages smaller news companies. Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), told Reuters the bargaining power imbalance he was tasked with correcting...
Crypto ban: We acted in Nigerians’ best interest – CBN
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system. Mr Emefiele made the declaration on Tuesday, February 23, 2021, while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, on its directive to institutions under its regulation. Describing the operations of cryptocurrencies as dangerous and opaque, the CBN Governor said the use of cryptocurrency contravened an existing law. He said given the fact that cryptocurrencies were issued by unregulated and...
Minister: When Nigeria receives coronavirus vaccines doesn’t lie in our hands
Since the beginning of January 2021, Nigeria has been expecting the delivery of COVID-19 vaccines, but nothing has happened to date. The World Health Organisation, WHO and GAVI, the Vaccine Alliance, and the Coalition for Epidemic Preparedness Innovations, CEPI, came up with the COVAX initiative to ensure that low and middle-income countries have access to vaccines. But COVAX has not given a precise date for when it will begin distributing the vaccines. Nigeria has put all its hopes on the COVAX Facility. The federal government is also expecting some vaccines from the Africa Union arrangement, expected to deploy from March. This development has attracted criticisms about the government’s readiness and commitment towards ensuring the timely vaccination of Nigerians against the dreaded pande...
Minister: When Nigeria receives coronavirus vaccines doesn’t lie in our hands
Since the beginning of January 2021, Nigeria has been expecting the delivery of COVID-19 vaccines, but nothing has happened to date. The World Health Organisation, WHO and GAVI, the Vaccine Alliance, and the Coalition for Epidemic Preparedness Innovations, CEPI, came up with the COVAX initiative to ensure that low and middle-income countries have access to vaccines. But COVAX has not given a precise date for when it will begin distributing the vaccines. Nigeria has put all its hopes on the COVAX Facility. The federal government is also expecting some vaccines from the Africa Union arrangement, expected to deploy from March. This development has attracted criticisms about the government’s readiness and commitment towards ensuring the timely vaccination of Nigerians against the dreaded pande...
Official: Why Imo government invited soldiers to Orlu
The Imo State Government has declared its support for the “ongoing military operation” in Orlu Local Government Area of the state. There were apprehensions in Orlu a few days ago when a military helicopter flew at low level in the area. Channels TV quoted the Attorney General of Imo State, Cyprian Akaolisa, as saying the operation, which was conducted jointly with the police, was aimed at “clearing camps” said to have been built by the Eastern Security Network, a security arm of the pro-Biafra group, IPOB. Akaolisa, who briefed reporters on Friday in Owerri, said the Nigerian Army was invited to Orlu by the Imo State Government. He said “the state government got intelligence that IPOB was planning an attack against the Orlu people and the government, under the pretext of looking for herder...
China joins calls for IWF to publish list of election candidates
Nations from around the world have written to the International Weightlifting Federation (IWF) to express their dismay at the governing body’s failure to publish the list of candidates for forthcoming elections. There have been complaints of poor governance, a lack of transparency, and giving an unfair advantage to certain candidates on the current IWF Executive Board who have the information that is denied to others. For the last elections in 2017 the list was published five days after the nominations deadline. This year, eight days have passed already and there is no sign of the IWF naming the candidates for President, first vice-president, vice-president, and a place on the Executive Board. The IWF is entitled, under current regulations, to wait until 30 days before the elections – Febr...
Archbishop Sam Zuga: CBN lacks power to stop cryptocurrency
Archbishop Sam Zuga has reacted to the Central Bank of Nigeria’s (CBN) new order on Cryptocurrency. The Apex bank had directed Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading. Reacting to the shocking news, Archbishop Sam Zuga, the CEO of one of Africa’s fastest growing currency, Zugacoin expressed his disappointments at the CBN’s decision, while allaying the fears of Zugacoin investors and intending buyers. According to the Cleric’s message obtained from his social media page, “Cryptocurrency doesn’t need bank account to operate or exist.” He wrote, ”RICH PEOPLE WANT THE POOR TO REMAIN POOR. NOT AGAIN! This is is not news. It has been like this since the beginning of Cryptocurrency. But right n...
Chelsea owner takes legal action over ‘Putin’s People’ book
Chelsea owner Roman Abramovich has launched legal action for defamation over the book Putin’s People. The Blues owner’s case relates to “a number of false and defamatory claims made about our client in the book published by HarperCollins.” The book was written by author Caterine Belton and contains a number of claims about Abramovich and others close to Russia president Vladimir Putin. Abramovich’s statement, published on Chelsea’s club website, says: “Today my legal representatives have issued legal proceedings in England in relation to a book that was published in the UK. The book contains a number of false and defamatory statements about me, including about my purchase, and the activities, of Chelsea Football Club. “Today’s action was not taken lightly. It has never been my ambition to ...