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D-DAY: Tinubu, Atiku, Obi, Kwankwaso battle to succeed Buhari

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After a grueling campaign period and several brickbats among the gladiators, the D-day is finally here. The day 87.2 million registered voters are scheduled to troop to the 176,846 polling units across the country to pick the man who will take over from President Muhammadu Buhari on May 29.

Also to be elected today are 109 Senators and 306 members of the House of Representatives.

Security has been beefed up in all the 774 local government areas while the Independent National Electoral Commission (INEC) concludes arrangements for the successful conduct of the elections.

Despite measures by the federal government and some of its agencies to curb the use of money to induce voters, an ally of the PDP presidential candidate was yesterday arrested in Rivers State with $498,100 cash which he said was to be shared to compromise voting.

Although 18 parties are presenting candidates for the elections, observers believe the winner will emerge from the quartet of Asiwaju Bola Tinubu of the All Progressives Congress (APC); Alhaji Atiku Abubakar of the Peoples Democratic Party (PDP); Mr. Peter Obi of Labour Party (LP) and Dr. Rabiu Kwankwaso of the New Nigeria People’s Party (NNPP).

They were the only candidates who made active efforts to woo voters by campaigning in many parts of the country.

The police and sister agencies have beefed up security across the country to nip in the bud any attempt to disrupt the elections.

Police Inspector General Usman Baba said 424,106 security personnel would be deployed for election duties today.

No quasi security personnel will be involved in any way for security assignment, according to him.

Baba said VIPs would not be allowed to go to their polling units accompanied by armed security men.

Vehicular and human traffic is being restricted from 12 midnight last night until after voting later today.

The Lagos State Police Command said yesterday that the restriction will cover waterways and airways.

It said: “In line with the security architecture emplaced for the 2023 General Elections, human and vehicular movements will be restricted on Saturday, February 25, 2023 between 0000hrs and 1800hrs across all roads, waterways and airways in Lagos State.

“In the same vein, security aides of public and private individuals, who have already been scaled down in accordance with the Electoral Act 2022, are not allowed to escort their principals to polling units and collation centres armed.

READ  Elections 2023: Tinubu wins Rivers with 231,593, sweeps Niger and Benue

“Except for essential duty vehicles such as ambulances, fire trucks, patrol vehicles of Federal Government security agencies, the use of sirens at or around polling units and collation centres is totally banned.

“In line with the Electoral Act 2022, no state-owned security agency is part of election security. Violators will be apprehended and prosecuted. Exempted from the movement restrictions are essential workers, INEC officials and election observers.

“Meanwhile, members of the public are encouraged to be law-abiding as they exercise their franchise. They are equally urged to promptly contact the police on any of the following numbers to report suspicious persons or activities around them: 08127155132, 08065154338, 08063299264, 08039344870.”

Air Force deploys air surveillance in Ebonyi

The Air Force is deploying aircraft for aerial surveillance in Ebonyi State, according to Governor David Umahi.

Umahi said the decision to this effect was taken at a security council meeting in Abakaliki.

He said the security agencies are on ground to secure voters, electoral officers and materials for the election.

“I want Ebonyi people to know that they would be flying low to maintain law and order so you should not entertain any fears,” he said.

He said the operation was to ensure miscreants do not exploit opportunities to cause breakdown of law and order during the general elections.

The Governor also remarked that though the activities of Ebubeagu security outfit has been suspended, its replacements, the Neighbourhood Watch and Vigilante Corps, would not participate in election security.

New naira notes scarcity may increase vote buying, Yiaga Africa warns

A civil society organisation, Yiaga Africa, yesterday warned that the untold economic hardship caused by the recent scarcity of new naira notes is capable of encouraging Nigerians to relinquish their votes in exchange for the scarce currency.

Presenting the group’s preliminary statement on the conduct of the presidential election process in Abuja on Thursday, the organisation’s chairman, Dr Hussaini Abdu, said the economic hardship caused by the naira swap may impact citizens’ participation in the elections.

“This growing discontent amongst citizens may lead to voter apathy in the form of ‘protest’ which will eventually lead to low voter turnouts.

“We are also worried that citizens facing these forms of adversities going into the election may be unable to make informed choices at the polls,” he said.

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“The current Naira redesign policy and scarcity of legal tender are aimed to fight vote trading on election day, but the prevailing hardship it has come with may even make it easier for voters to relinquish their votes in exchange for the scarce currency.”

Executive Director of Yiaga Africa, Samson Itodo, said the organisation will deploy 3,836 observers throughout the country for the presidential election.

“This is comprised of 3,014 stationary Parallel Vote Tabulation (PVT) observers deployed to a random representative statistical sample of 1,507 polling units; 822 roving observers across the 774 LGAs and 36 states; and 8 Working Group members who run real-time election analysis.

”Yiaga Africa will also deploy observers to the LGA and State Results Collation Centres in every state. Our observers will observe the entire election day process from set-up of the polling units through the announcement, posting of the official results and uploading of the polling units to the INEC Result Viewing Portal.

“The observers will send in periodic reports to the Watching the Vote National Data Centre located in the Transcorp Hilton in Abuja where they will be processed and analysed,” he said.

ACF denies endorsing Atiku

The Arewa Consultative Forum (ACF) has dismissed as fake media reports that it had endorsed Alhaji Atiku for the presidential election.

Addressing pressmen in Kano, Chairman of Kano State’s chapter of ACF, Dr. Faruk Umar, said the report of any such endorsement was not true, as it was falsified to blackmail and confuse the voters.

He affirmed that he had confirmed personally from the national secretariat of ACF and many other elders if there was any change in the neutrality position of the group and all confirmed that the Forum remains committed to its pledge to allow members to vote their conscience.

He asked ACF to “disregard the publication and adhere to the position of the National Executive to allow members exercise their rights in choosing their candidates.”

He noted that the ACF had in Kano, in demonstration of the group neutrality, two months ago interacted with all the gubernatorial candidates from Kano, where they signed an agreement to conduct their election campaigns peacefully.

He decried recent happenings in the state and appealed to all candidates to keep to their words and conduct themselves peacefully during the election.

READ  Kogi West elders call for rotation of governorship position among three senatorial districts

He commended INEC and the security agents for “the adequate arrangements put in place and appeal to voters to give them maximum cooperation.”

Southeast gears up for elections despite killings, sit-at-home order

The South East, which has been subjected to severe attacks and threats by hoodlums and pro-Biafra groups over the last two years, seems ready for the elections.

Residents appear to have heeded calls by Ohanaeze Ndigbo and the Southeast Council of Traditional Rulers to ignore the sit-at-home orders by Biafra agitator Simon Ekpa and come out to cast their votes.

Ekpa was arrested and quizzed by the Finnish security on Thursday over his incessant threats to disrupt peace in Nigeria.

Scores of policemen and other security personnel have been killed in attacks by unknown gunmen in the region while INEC and police stations have also been repeatedly attacked.

However, the people of the region ignored the order and the concomitant violence and went about their businesses on Thursday and Friday and preparing well ahead of the elections.

A visit to Mayor and Ogbete markets in Enugu showed residents making what looked like last minute transactions.

Also, in banks, more customers trooped out to make cash withdrawals as POS operators have hiked the amount for withdrawing cash as a customer will have to pay extra N4,000 to be able to get a cash of N10,000

Our correspondent who monitored developments observed that residents were upbeat about coming out to vote in the election despite the challenges.

It was learned that most people whose polling units are not in Enugu have travelled home to cast their votes.

Some of the residents, who spoke to our correspondent in Enugu, said they would go out and vote.

Security has been beefed up in the Enugu office of INEC.

The Force Headquarters deployed three Commissioners of Police to Imo State to provide water tight security before, during and after the 2023 elections.

The newly posted commissioners are CP Banji Ogunrinde, Imo East zone; CP Chris Aimionowane, Imo West Zone and CP Alex Wannang, Imo North.

The officers who have assumed duties began their work by strategising on the already existing security architecture to provide security in all the nooks and crannies of the state.

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Good Morning! Here Are Some Major News Headlines In The Newspapers For Today: Archbishop, wife, son, three other clergymen kidnapped in Abia

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1. Archbishop Uka Uka Osim of the Brotherhood of the Cross and Star, his wife, Anne Osim and son, Roland Uka Osim, have been kidnapped. They and three other clergymen of Brotherhood of the Cross and Star, were abducted in Abia State on May 1, 2024.

 

2. The Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar, on Saturday, urged prayers by Nigerians for the country and its leaders to be able to overcome the problems confronting the country. He said the current socio-political problems in the country were not peculiar to Nigeria and would be overcome with prayers and support of the generality of the people.

 

3. Gunmen have killed Malam Kabiru Mohammed, the village head of Marke in Dandamisa Ward, Makarfi Local Government Area of Kaduna State. It was gathered that the gunmen, suspected to be hired killers, entered the residence of the victim at about 12:30 am on Thursday and sent everyone out of the compound.

READ  Atiku seeks Obasanjo’s endorsement

 

4. DStv and GOtv customers in Nigeria have been notified to expect disruption in service from Sunday, May 5, to Tuesday, May 7, due to the ongoing construction project on the Lagos-Calabar Coastal Highway. In a notice shared on social media on Friday, DStv assured customers that its technical team will be working to relocate its facility and minimise service disruptions during the process.

5. A woman, her toddler and a motorcyclist popularly known as Okada rider were reportedly involved in a car accident on the Festac Link Bridge in the Ammuo Odofin Local Government Area of Lagos State on Saturday night. It was gathered that the incident occurred at about 11:00pm. The victims were unconscious when they were rushed to the hospital.

 

6. Gunmen suspected to be bandits have reportedly killed three villagers in the Ogbaulu community of Agatu Local Government Area of Benúe State. A local who disclosed this on Saturday said that the victims were working on their separate farms on Friday afternoon when the bandits attacked them.

READ  Man stabs mother-in-law to death in Ogun

 

7. Organised Labour, weekend, fired back at state governors, warning them against inflammatory utterances that could set the nation’s industrial space on fire over the new national minimum wage. It faulted the statement credited to the governors through the Nigerian Governors’ Forum, NGF, that they were working on what individual states could sustainably pay

 

8. Abia State Governor, Dr. Alex Otti, has said that a “real” airport would soon be built in the state to ease the movement of goods and services. Otti who disclosed this while receiving the Deputy Speaker, House of Representatives, Hon Benjamin Kalu, in his country home, said he had already held a meeting with the Minister of Aviation in this regard.

 

9. The National Secretary of the All Progressives Congress, APC, Dr. Ajibola Basiru, has accused the presidential candidate of the New Nigeria People’s Party, NNPP, Rabiu Kwankwaso of fuelling the purported call for the removal of the National Chairman of APC, Abdullahi Ganduje. Basiru said the call for the removal is a ‘mere circus’ orchestrated by Kwankwaso and his ‘dying’ party, NNPP.

READ  Elections 2023: Tinubu wins Rivers with 231,593, sweeps Niger and Benue

 

10. The lawmaker representing Abakaliki North Constituency in Ebonyi State House of Assembly, Hon Victor Nwoke has dumped the Peoples Democratic Party, PDP, for the All Progressives Congress, APC. The lawmaker joined APC with his supporters. He said the intractable crises in PDP forced him out of the party.

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Fitch upgrades Nigeria’s credit outlook to positive, cites economic reforms

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Fitch, a global rating agency, has reviewed Nigeria’s outlook to positive from stable.

A credit rating is a measure of how likely a company or government entity can pay back its debts, based on an independent assessment of its financial health.

Fitch, in a statement on May 3, said the positive outlook partly reflects reforms implemented over the past year to support the restoration of macroeconomic stability and enhance policy coherence and credibility.

 

“Exchange rate and monetary policy frameworks have been adjusted, fuel subsidies reduced, coordination between the ministry of finance and the Central Bank of Nigeria (CBN) improved, central bank financing of the government scaled back and administrative efficiency measures are being taken to raise the currently low government revenue, as well as oil production,” Fitch said.

 

Fitch said the reforms have lessened distortions stemming from previous “unconventional monetary and exchange rate policies,” leading to the return of sizeable inflows to the official foreign exchange (FX) market.

READ  Kogi West elders call for rotation of governorship position among three senatorial districts

“Nevertheless, we see significant short-term challenges, notably, inflation is high and the FX market has yet to stabilise, and the durability of the commitment to reform is to be tested,” the credit agency said.

“The CBN has stepped up efforts to reform the monetary and exchange rate framework following last year’s unification of the multiple exchange rate windows, and the large differential between the official and parallel market rates has collapsed.

 

“Average daily FX turnover at the official FX window has risen sharply from 2H23, and there has been clearance of USD4.5 billion of the backlog of unpaid FX forwards (the validity of the outstanding USD2.2 billion is being assessed by CBN), and weekly sales of FC to bureaux de changes (BDCs) have resumed (having been suspended since 2021).”

‘RETURN OF SIZEABLE NON-RESIDENT INFLOWS’

Fitch said increased formalisation of FX activity and monetary policy tightening has contributed to a notable rise in foreign portfolio investment inflows and a fast appreciation of the naira at the official FX window.

READ  Elections 2023: Tinubu wins Rivers with 231,593, sweeps Niger and Benue

According to the company, this followed the 71 percent “post-liberalisation depreciation between June 2023 and mid-March 2024”.

 

However, the credit rating agency said the exchange rate remains volatile.

Fitch said the continued lack of clarity on the size of net FX reserves is a constraint on Nigeria’s sovereign’s credit profile.

‘FURTHER MONETARY POLICY TIGHTENING ANTICIPATED’

In March, the Central Bank of Nigeria (CBN) raised the monetary policy rate (MPR), which benchmarks interest rates, from 22.75 percent to 24.75 percent.

 

Fitch said it expects further increases in the CBN monetary policy rate in the second half of 2024 and “strengthening of monetary policy transmission, after the recent resumption of open market operations at rates closely aligned to the MPR”.

“We project inflation, which rose to 33.2% yoy in March due partly to exchange rate pass-through and rising food prices, to average 26.3% in 2024 and 18.2% in 2025, still well above our projected ‘B’ median of 4.5%,” Fitch said.

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In December 2023, Moody’s, a US-based rating agency, also revised its outlook for Nigeria from stable to positive.

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Good Morning! Here Are Some Major News Headlines In The Newspapers Today: Yahaya Bello: Appeal Court stays execution of contempt proceedings against EFCC chair

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1. The Court of Appeal, Abuja Division, on Friday, suspended moves by the Kogi State High Court to commit the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede for contempt. The Appeal Court granted an ex parte motion for stay of proceedings of contempt application filed against the EFCC Chairman by the immediate past governor of Kogi State, Yahaya Bello.

2. An Ikeja Special Offences Court has adjourned the trial of the embattled former Central Bank of Nigeria, CBN, governor, Godwin Emefiele, to May 9 over filing of additional proof of evidence served by the prosecution. Justice Rahman Oshodi adjourned the trial after taking arguments from the defendants’ counsel over additional proof of evidence of over 60 pages served on them in the morning by the prosecution.

 

3. Efforts for better efficiency in the electric sector received a boost on Friday as the Nigerian Electricity Regulatory Commission, NERC, announced the unbundling of the Transmission Company of Nigeria, TCN, with the establishment of the Nigerian Independent System Operator of Nigeria Limited, NISO.

READ  Tinubu hails tribunal’s verdict, calls on Atiku, Obi to support govt

 

4. The Minister of Information and National Orientation, Mohammed Idris has said that no journalist has been incarcerated under the Bola Tinubu administration for practicing responsible journalism, stressing that the media is largely free in Nigeria. He assured that the federal government would continue to protect the interests of journalists and will not compromise press freedom.

5. A Kano High Court has granted an ex parte order restraining the Inspector General of Police, IGP; Assistant Inspector General of Police, AIG Zone 1 Kano; Commissioner of Police, Kano, from arresting, and harassing the All Progressives Congress, APC, Ward officers at Abdullahi Ganduje Ward, Dawakin-Tofa local government area of Kano State.

 

6. The Benue State government has demolished 40 illegal shanties and structures in different locations in Makurdi, the state capital. The General Manager of the Benue State Urban Development Board, UDB, Tarnongo Mede, who led his team yesterday to carry out the demolition exercise, said it came as a result of shanties springing up in some parts of the state.

READ  Kogi West elders call for rotation of governorship position among three senatorial districts

 

7. Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any account found engaging in such activities. At least four fintechs— Opay, Moniepoint, PalmPay, and Paga communicated this development to their customers on Friday.

 

8. A man, Hamza Mohammed, has been sentenced to death by hanging for stabbing another man to death during a free-for-all in Niger State. Mohammed and one Baba Usman (now at large) were said to have chased after the deceased, Isah Mohammed, caught up with him and stabbed him several times until he died.

 

9. Ahead of the September 21 gubernatorial election in Edo State, the state chapter of the Peoples Democratic Party (PDP), on Friday, inaugurated a 363-member campaign council, with Governor Goodwin Obaseki describing the Legacy Group as disorganised. The Legacy group, headed by the party’s vice chairman, South-South, Dan Orbih, had vowed not to work with Obaseki and the party’s candidate, Asue Ighodalo, unless their grievances were looked into.

READ  I didn’t ask Buhari to suspend Constitution, says Malami

 

10. The naira depreciated yesterday to N1,395 per dollar in the parallel market from N1,365 per dollar on Thursday. However, the naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,400.4 per dollar.

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