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Naira Redesign: We Will Not Shift Any Deadline, The Answer Remains Capital ‘NO’

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Emefiele Joins Presidential Race Under APC

Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, has said that bank is not going back on its word as to deadline set for Naira redesign.

“We will not shift the deadline,” Governor Godwin Emefiele said Tuesday at a briefing in the capital, Abuja. Critics of the move have argued that the six-week window will cause massive lines at banks and hurt the rural poor who live far from branches.

“Questions have been raise that are we going to shift the deadline? The answer remains No. Capital no. We will not shift any deadline. What we have done is not against the law. (sic)

“We announced the programme on October 26th, 2022 and we said upon release of the new currency, that the old currency will run concurrently with the new currency till 31st January, 2023. That is almost 100 days. 100 days is enough for any person in any part of Nigeria to deposit the old money.”

 

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Shettima Commissions 4,000-Job Garment Factory, 11-Storey Revenue House in Kwara

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Vice President Kashim Shettima has commissioned a garment factory in Ilorin, Kwara State, designed to employ at least 4,000 people at full capacity, alongside an 11-storey Kwara Revenue Service (KWRS) House.

The development was disclosed by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, in a statement released on Wednesday.

The commissioning formed part of activities marking the turbaning of Kwara State Governor, AbdulRahman AbdulRazaq, as the Sardauna of Ilorin by the Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari.

SEE MORE: Shettima Arrives Ilorin for AbdulRazaq’s Turbaning, Factory Commissioning

The title makes AbdulRazaq the first person to hold the position of Sardauna of Ilorin, described as the Defence Minister of the Ilorin Emirate.

Speaking during the turbaning ceremony at the Emir’s Palace in Ilorin, Shettima commended AbdulRazaq for sustaining what he described as a legacy of continuity in Kwara State.

The Vice President recalled the governor’s late father, Alhaji AbdulGaniyu Folorunsho AbdulRazaq, SAN, as Northern Nigeria’s first lawyer and the first Mutawalle of Ilorin.

“His father, Alhaji AbdulGaniyu Folorunsho AbdulRazaq, SAN, OFR, carried an Ilorin name into history as Northern Nigeria’s first lawyer. Every path begins with someone willing to walk without familiar footprints.

Through law and diplomacy, his story became part of Nigeria’s own,” Shettima said.

He added: “The branch may reach towards another horizon, yet it carries within itself the memory of the root. His father was the first Mutawalle of Ilorin, a title that remains in the family in celebration of their bond with the Emirate. Today, another chapter enters the family’s relationship with this palace.”

Shettima also highlighted his relationship with AbdulRazaq, saying their responsibilities regularly bring them together in discussions concerning the federation and its states.

“There is something sobering about celebrating a friend while both of you remain answerable to the demands of public office. Titles will eventually pass into the record of our lives. The human bonds formed along the way should endure beyond the appointments through which other people first came to know us,” he said.

The Vice President further commended AbdulRazaq’s governance record, citing investments in classrooms, medical coverage and roads connecting communities.

“These are chapters in the story of a state as its people encounter it: the lesson a child can attend, the treatment a household can seek, and the market a farmer can reach.

Such investments must be sustained so that those who inherit them can build upon them. A legacy takes its fullest measure in the generations it continues to serve,” he added.

Dignitaries at the event included the governors of Imo, Kebbi, Plateau, Ekiti, Ogun, Niger, Bayelsa and Kaduna states.

Others were First Lady Oluremi Tinubu, represented by the wife of the Vice President, Nana Shettima; Minister of Trade, Industry and Investment, Jumoke Oduwole; Attorney General of the Federation and Minister of Justice, Lateef Fagbemi; Emir of Zazzau, Nuhu Bamalli; and the Soun of Ogbomoso, Oba Ghandi Afolabi Olaoye, Orumogege III.

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‘We Went Eight Years Without Salaries, Pensions, Gratuities’ — Ex-Water Corp Spokesperson Backs Soludo in Obi Debt Row

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Osun guber outcome not verdict on our growing strength - Peter Obi

The ongoing debt controversy between former Anambra State Governor Peter Obi and the state government has taken a fresh turn after the Anambra State Government shared a statement attributed to Victor Ononye, a former spokesperson of the defunct Anambra State Water Corporation.

Ononye was presented by the state government as corroborating its Fact No. 3, which concerns alleged unpaid salaries, pensions and gratuities involving former Water Corporation workers during the administration of Peter Obi.

In the statement shared by the government on Wednesday, Ononye said he was in a position to verify the claim, recalling the experience of workers of the Water Corporation during the period.

SEE MORE: Presidency Challenges Obi to Quit 2027 Race Over Anambra Debt Claims

“Yes. I can verify Fact No 3 of Soludo’s submission,” Ononye said.

“The staff of Anambra State Water Corporation where I was the spokesman suffered terrible gnashing of teeth without salaries,pension and gratuity for eight years.”

He further alleged that workers were dismissed without committing any offence and claimed that staff of the Anambra State Environmental and Sanitation Authority (ANSEPA) experienced a similar situation.

“The workers were unilaterally dismissed without committing any offence. The same fate was suffered by staff of Anambra State Environmental and Sanitation Authority (ANSEPA) in the administration under review,” he said.

Ononye also claimed that the situation had severe consequences for affected workers.

“Hundreds of people died in the anguish. The few who survived did so by the special grace of God. Ask anyone who lost his entitlements what it feels like to do so. Don’t forget that the victims are our brothers and sisters,” he said.

He also linked the alleged situation to the collapse of public pipe-borne water supply in the state.

“The ripple effect is that for eight years, there was nothing like pipe borne water in Anambra and people lived as nothing happened. Dirt, filth and squalor, sickness and diseases became the order of the day,” Ononye stated.

He further alleged that the Greater Onitsha Water Supply Scheme suffered during the period.

“The multi billion Naira Greater Onitsha Water supply scheme has now been converted into a fish pond while similar water schemes at Enugu and Abakaliki are working till date. Shame on you all,” he said.

The statement comes as the Anambra State Government continues to challenge Obi’s claim that he left office in March 2014 without outstanding salaries, pensions, gratuities or other financial liabilities.

In its Fact No. 3, the state government said Obi owed “verified salaries, gratuity, and pension to retired teachers and staff of Water Corporation.”

The government said arrears owed to staff of the defunct Water Corporation “lingered throughout” Obi’s tenure and eventually resulted in court processes and judgments.

According to the government, the Soludo administration negotiated a settlement with the affected workers and had already paid the first two instalments of an agreed three-instalment arrangement.

The government also said it had cleared about ₦22 billion in inherited gratuity arrears involving retired state and local government employees and teachers, while other legacy arrears remained under consideration.

 

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Reno Omokri Hails Dangote as Wealth Hits $51.3bn After Refinery IPO Launch

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Former presidential aide and social commentator, Reno Omokri, has congratulated Dangote Group President, Aliko Dangote, following the launch of the Dangote Refinery Initial Public Offering (IPO) and a reported rise in the billionaire’s wealth to $51.3 billion.

Omokri disclosed this in a statement on Wednesday, describing the development as a major achievement for Dangote and Nigeria’s industrial sector.

The Dangote Refinery IPO opened on September 14, offering 4.1 billion ordinary shares at ₦525 per share. The offer, which could raise about ₦2.15 trillion if fully subscribed, is scheduled to close on October 13, 2026.

SEE ALSO: Peter Obi Backs Dangote Refinery IPO, Urges Nigerians to Invest

According to Omokri, Dangote’s wealth had risen to $51.3 billion, placing him 36th on Forbes’ Real-Time Billionaires ranking.

“Hearty congratulations to Alhaji Aliko Dangote, President of the Dangote Group, on the success of the Dangote Refinery, whose triumph at the Nigerian Stock Exchange has catapulted Mr Dangote to a new all-time wealth record of $51.3 billion, making him the 36th wealthiest person on the planet, according to Forbes’ real-time Billionaires ranking.”

Omokri said the IPO had also created an opportunity for investors to participate in the ownership of the refinery.

“And Mr Dangote’s wealth is not just personal. With this Initial Public Offering, he has expanded his fortune by making it a national one, with money from his productive activities now going into the pockets of potentially millions of Nigerian and international investors.”

The Dangote Refinery has promoted the IPO as an opportunity to broaden ownership, with investors able to subscribe for a minimum of 10 shares, worth ₦5,250.

Omokri also credited President Bola Ahmed Tinubu’s administration for what he described as an economic environment supportive of Corporate Nigeria and local production.

“The thing to note here is that when you have a President like His Excellency, Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, who believes in Corporate Nigeria, and captains of industry, such as Alhaji Dangote, who produce made-in-Nigeria goods and services, while utilising Nigerian labour and creativity, along with patriotic citizens, who by their consumption habits prioritise made-in-Nigeria, the sky is the limit.”

He further claimed that the development had created a surge in wealth that increased Nigeria’s GDP by three per cent within 48 hours, linking it to President Tinubu’s target of achieving a $1 trillion Nigerian economy by 2031.

“Within 48 hours, Mr Dangote has created a surge of wealth that has increased Nigeria’s GDP by 3%, thereby advancing President Tinubu’s agenda of a $1 trillion Nigerian economy by 2031.”

The three-per-cent GDP claim was made by Omokri in his statement and is presented here as his assertion.

He concluded by thanking Tinubu and Dangote for the development.

“A grateful nation says thank you to President Bola Ahmed Tinubu, without whose economic policies this IPO would never have happened, and Mr Dangote, whose passion has made this vision a mission accomplished.”

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