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Good morning! Here Are Some Major News Headlines In The Newspapers Today: Naira among Africa’s worst currencies, falls by 40% –World Bank

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1. The Nigerian naira has weakened by 40 percent since the mid June 2023 devaluation, making it one of the worst-performing currencies in Sub-Saharan Africa, the World Bank has said. The World Bank said this in its report titled, “Africa’s Pulse: An analysis of issues shaping Africa’s economic future (October 2023 | Volume 28).”

 

2. Many petroleum products depots are currently deserted due to lack of products caused by foreign exchange rate volatility, as the landing cost of Premium Motor Spirit, popularly called petrol, has increased to N720/litre, oil marketers said on Thursday. It was further gathered that the landing cost of PMS into Nigeria had increased to N720/litre, up from N651/litre in August this year.

3. The ruling All Progressives Congress (APC) has asked former Vice-President Atiku Abubakar to accept his loss in the 2023 presidential election. Atiku, who ran on the platform of Peoples Democratic Party (PDP), came second in the election. He had challenged the victory of the president in court, but lost as the Presidential Tribunal struck out his petition.

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4. Kalu Kalu, one of the lawyers of former Vice-President Atiku Abubakar, Presidential Candidate of the Peoples Democratic Party (PDP), has said one of the documents released by Chicago State University (CSU) showed that Tinubu allegedly forged the certificate of a black American. He stated this while responding to questions at a press conference in Abuja on Thursday.

5. The presidential candidate of the Peoples Democratic Party in the 2023 poll, Atiku Abubakar, on Thursday, said he did not betray President Bola Tinubu, over the allegation of certificate forgery he levelled against him at the court. Rather, he said the former Lagos State governor abandoned him, as well as the Action Congress of Nigeria and supported Umaru Yar’Adua of the PDP in the 2007 presidential poll.

6. Presidential candidate of the Labour Party in the February 25 general election, Peter Obi insisted yesterday he is pursuing his case at the Supreme Court to get justice and not to join with Atiku Abubakar. The former Anambra State Governor, in a statement by the party’s National Publicity Secretary, Obiora Ifoh, said he was at the Supreme Court to “reclaim his mandate.”

READ  CBN blames COVID-19 for Naira’s depreciating value

7. The Supreme Court has fixed December 15 for judgment in the appeals filed by the Federal Government against the detained leader of proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu. A five-member panel of the apex court, led by Justice Kudirat Kekere-Ekun, chose the date yesterday after lawyer to the Federal Government, Tijani Gazali (SAN), and counsel to Kanu, Chief Mike Ozekhome (SAN), made their final submissions.

8. The Nigerian Meteorological Agency (NiMet) has warned that at least 15 states across the country will experience moderate to heavy rainfall in the next three days. The weather agency also said 18 states will experience strong winds between today and tomorrow. The weather predictions are contained in NiMet’s latest edition of impact-based weather forecast bulletin issued on Thursday.

9. Ondo State Deputy Governor, Lucky Aiyedatiwa, has asked the Chief Judge to ignore the directive to set up a probe panel by the House of Assembly. Writing through his lawyer, Mr. Ebun Olu-Adegboruwa, he said it would be a contempt of court to proceed with the impeachment process when the parties were involved in two cases in the Federal High Court, Abuja and State High Court, Akure.

READ  Fuel, Naira scarcity protests: One dies, another injured in soldiers shootout in Ibadan

10. The Senate has urged the Federal Government to resettle the over 1.5 million Benue residents who were displaced by bandits. The legislature also asked the Federal Government to redeem the N10bn promise made to the people of Benue to rebuild the destroyed communities.

 

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I’ll not govern Rivers on my knees, says Fubara

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Siminalayi Fubara, governor of Rivers, says he will not govern the state from a position of subservience or weakness.

Fubara made the remarks on Saturday, during a condolence visit to the Ubima, Ikwerre LGA country home of Celestine Omehia, a former governor of the state.

 

Omehia was laying Cecilia Omehia, his mother, to rest.

 

“I have come here with very few respected elders of the state, to come and support you and say to you that we sorrow with you,” Fubara said.

 

“The most important thing is to show our concern and love. Any human being who shows enmity to death, that person is not even normal.

“We also rejoice with you for a life lived well to fulfilment by Mama. We wish Mama a safe journey. Let her stay well where she has gone.”

 

He said politics of bitterness will impede the development of the state and that “it is only in unity that we can move our state forward”.

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“Anybody who claims to love this state should not be party to anything, directly or indirectly that will bring us backwards. We will continue to support every course that will advance the interests of our dear Rivers state,” he added.

“And I am happy to say, and I’ve said it over and again, it doesn’t matter the number of people that are standing with me, I will stand on that side of truth.

“I will not, I repeat, I will not govern our dear state on my knees. If that was the purpose, I will not do that.”

 

Fubara has been locked in a battle for the control of the political structure of Rivers with Nyesom Wike, his predecessor and minister of the federal capital territory (FCT).

 

The governor recently redeployed some members of his cabinet who are loyal to Wike.

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Good Morning! Here Are Some Major News Headlines In The Newspapers This Beautiful Sunday: Benin Traditional Council suspends five chiefs for visiting Ooni

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1. Five officials in the Benin Kingdom have been suspended for allegedly engaging in sacrilegious conduct against Benin custom. The Benin Traditional Council, BTC, said their suspension was because they visited the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, where they “falsely” claimed to be emissaries of the Oba of Benin and rendered inaccurate account of the connection between the Benin Royal Dynasty and the Ooni-ship of Ife.

 

2. The executive chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has appointed Michael Nzekwe as his chief of staff. He also appointed zonal directors for each of the 14 zonal commands of the commission.

 

3. One person died on Saturday when a gas tanker explosion occurred after an accident at Ita Oshin area of Abeokuta North Local Government Area of Ogun State. Chief Route Commander and Education Officer for Federal Road Safety Corps, FRSC, Florence Okpe, who confirmed the incident, on behalf of the sector commander, Anthony Uga, said the accident occurred at about 4:16 pm.

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4. The Naira yesterday recovered against the US dollar at the parallel market as it appreciated to N1280/$, according to market information obtained by Nairametrics from currency traders. This implied that the Naira appreciated by N120, representing a gain of 8.57 per cent when compared to the N1,400 to a dollar at which it traded on Friday.

 

5. Governor Siminalayi Fubara of Rivers State has said there is a fierce fight to destroy the state. He said this at the country home of Sir Celestine Omehia in Ubima community, Ikwerre Local Government Area of Rivers, on Saturday.

 

6. A resident of Osogbo, simply identified as Seun and the motorcyclist conveying her have been crushed to death in a road accident that occurred in Osogbo, Osun State. Seun was said to be a fashion designer and was also working with a real estate firm. It was gathered that the accident occurred Friday evening around OgoOluwa Area of Osogbo.

READ  EFCC quizzes Ex-Bayelsa governor Dickson over alleged fraud

 

7. The All Progressives Congress has demanded the cancellation of the just conducted local government election in Oyo State. The party claimed that the election was a “sham”, warning that if allowed to proceed, it may damage the state’s reputation.

8. The retired Commissioner of Police in Anambra State, Aderemi Adeoye has recounted how he fought the dreaded Niger Delta militants, the Book Haram terrorists in the North East and the Indigenous People of Biafra, IPOB, insurgents in the South East and survived all of them without a scar. Speaking during his pullout ceremony at the Alex Ekwueme Square in Awka, Adeoye said it was the grace of God that saved him during the dangerous moments.

 

9. Tragedy struck in Rivers State on Friday night when fire from a fuel-laden tanker consumed four persons and about 100 vehicles at the Eleme section of the East-West Road in Rivers State. It was learnt that the tanker collided with another vehicle, exploded and burst into flames that spread to other tankers and many other vehicles trapped in the gridlock.

READ  Adeleke meets with Buhari, hails president for ensuring free and fair election

 

10. The Anambra State Police Command has arrested 16 notorious cultists and declared 21 others wanted. In a statement by the command’s spokesman, SP Tochukwu Ikenga, in Awka on Saturday, the feat was achieved following intensified efforts to end the resurgence of cult-related killings in Awka, the state capital.

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Shake-up in EFCC as Olukoyede appoints chief of staff, 14 directors

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Ola Olukoyede, chair of the Economic and Financial Crimes Commission (EFCC), has appointed Michael Nzekwe as his chief of staff.

 

As part of a restructuring drive, Olukoyede upgraded all the zonal commands of the EFCC to departments and appointed 14 new directors.

 

A statement by Dele Oyewale, EFCC spokesperson, said the security unit of the agency has been upgraded to a department with a chief security officer at the helm.

 

“To this effect, 14 new directors have been appointed to head each of the zonal commands,” Oyewale said.

 

Additionally, to bolster and fortify the security architecture of the commission, the security unit of the EFCC has been upgraded to a department with a seasoned officer appointed as director, security and chief security officer.

 

“A new department has also been created in the executive chairman’s office and it is headed by former Makurdi zonal commander of the EFCC, Mr. Friday Ebelo who also doubles as director and coordinator, special duties at the corporate headquarters of the commission.”

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Nzekwe was the commander of the Ilorin zonal command and a course one officer.

 

Nzekwe, a lawyer and an investigator, has served in various departments in the anti-graft agency — including legal and prosecution, operations (now department of investigations), internal affairs (now department of ethics and integrity), Servicom, and asset forfeiture.

The new chief of staff has attended trainings and courses at home and abroad, including the Advance Defence Intelligence Officers Course organised by Defence Intel Agency (DIA).

 

 

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