Politics
Atiku recants, begs Buhari, CBN to order the return of N500, N1,000 old notes
In a dramatic volte face, Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has joined in pleading with the Federal Government and the Central Bank of Nigeria (CBN) to allow commercial banks to accept deposits of the old naira notes, just few days after offering staunch support for the both to remain resolute in carrying the monetary policy through.
On all fours with the policy, Atiku had on February 1, urged the apex bank not to extend the February 10 deadline for ending the lives of the old N200, N500 and N1,000 notes, saying: “I am totally in support of building a cashless economy and reducing the amount of cash in our economy.”
On the other hand, Asiwaju Ahmed Bola Tinubu, his All Progressives Congress (APC), opponent, who seems to believe that the policy was targetted at him, has been crying out and kicked against it.
The former Governor of Lagos State, had during an outing in Abeokuta, the Ogun State capital on January 26, said: “They have started coming up with the issue of ‘no fuel’. Don’t worry, if there is no fuel, we will trek to cast the vote. If you like, increase the price of fuel, hide the fuel or change the ink on the naira notes, we will win the election. We will use our PVCs (permanent voter cards) to take over the government from them.
“If they like, let them say there is no fuel, we will trek there. They are full of mischief, they want to create a fuel crisis, they have started creating a fuel crisis, but, forget about it, put your mind at rest, I’m assuring you. I, Asiwaju will end fuel scarcity.
“Let the price of fuel continue to increase, they are the ones that know where they are hoarding it. They are hoarding naira notes, they are hoarding fuel, we will vote and we will win. If you like, change the ink in the naira note, we will win the election, the oppositi
On Sunday, however, Atiku, pleading urgency over the matter, he said, would ease the suffering of the masses in getting access to their “legitimately earned money,” said: “The apex bank should, as a matter of urgency, allow commercial banks to join the CBN in the collection of the deposits of old N500 and N1000 notes.”
Using his Twitter handle, the former Vice President, added: “The new currency should be immediately made available in sufficient quantities to alleviate the suffering of the masses.
“I assure you that when we come to power by the mandate of your votes, the PDP administration will not allow any Nigerian who legitimately earned their money to lose a single kobo of it. You can take that promise to the bank because our aim is to create prosperity and not to impoverish our people.”
A legal tussle is in the offing to determine the fate of the June 20 by-election to fill the vacancy in the Enugu North senatorial district at the National Assembly, following the decision of the Labour Party (LP) to challenge the Independent National Electoral Commission (INEC) to exclude it from participating.
INEC had approved the participation of only three political parties for the exercise to fill the vacant seat left by Okey Ezea, who died last year, to the exclusion of scores of others including the LP under whose platform the former Senator won the seat in 2023.
Ken Asogwa, spokesman of the party, who gave the update on the next line of action, said LP had already approached the Federal High Court, Abuja, to challenge the decision on the ground of wrongful exclusion, saying that the party was deeply disturbed over INEC’s action, especially the reason it gave for it.
Asogwa, who conveyed the decision through a statement on Monday, wondered how its candidate would made to pay for the ineptitude of INEC itself, which failed to carry out its constitutional responsibility.
Stressing that the party complied with all statutory requirements and procedural guidelines, but was still denied access to upload the particulars of its candidate on INEC’s nomination portal, the statement, added: “Up until the close of the submission window on June 2, the party made several efforts, including formal protests and correspondences to the commission, seeking the resolution of the issue, but these efforts yielded no positive result
“The party fulfilled every legal and administrative obligation required under the Electoral Act and INEC’s extant regulations in the nomination of its candidate. Labour Party finds it difficult to understand the basis upon which it had been excluded from an election in which it had a legitimate and undeniable stake.
“It is both disturbing and deeply concerning that the head of Elections and Party Monitoring (EPM) in Enugu State reportedly justified his refusal to transmit the report of the Labour Party’s primary election on the ground that he was out of town on the day the exercise was conducted.
“This excuse is untenable and raises serious questions about the discharge of official responsibilities. Labour Party cannot be made to suffer the consequences of an official’s absence, negligence, incompetence or dereliction of duty.
“Electoral processes and the constitutional rights of political parties cannot be subjected to the convenience or personal circumstances of individual officers. If the officer was unavailable, it is incumbent upon him or INEC in Enugu to ensure that appropriate arrangements were made for the monitoring and reporting of the exercise.
“INEC should not be penalising a political party that duly complied with all statutory requirements. The Electoral Act only requires political parties to duly notify INEC of their primaries. The party complied fully with this statutory requirement. The legality and validity of the exercise cannot be vitiated by INEC’s absence, as neither the Electoral Act nor the commission’s regulation made its physical presence a mandatory condition for the conduct of a party primary election.”
Expressing confidence in Joash Amupitan, INEC Chairman to do the right thing, he however called on the commission investigate the actions taken by its staff members in Enugu and take decisive action against anyone found culpable.
His words: “Electoral institutions derive their legitimacy from public trust and every effort must be made to protect the integrity of the electoral process. It would amount to a grave injustice for Labour Party to be denied the opportunity of presenting a candidate in an election convened to fill a vacancy created by the death of one of its serving senators.
“Such an outcome would not only undermine the rights of the party and its supporters but it tends to diminish the democratic choices available to the people of Enugu North senatorial district in the coming by-election.
“As the party places its confidence in the impartiality and wisdom of the Nigerian judiciary, it urges all its members and supporters in Enugu North and across the country to remain calm while the matter is being determined by the courts.”
A conciliatory Atiku Abubakar, in magnanimity with victory, extended the olive branch to Rotimi Amaechi and Mohammed Hayatu-Deen, the pair he defeated on Wednesday night to clinch the ticket of the African Democratic Congress (ADC) for next year’s presidential election.
He appealed to both men never to abandon the party ahead of the election, scheduled for January 2027, but to close ranks to ensure victory for both party, Nigeria as a country and the people currently under the bondage of the ruling All Progressives Congress (APC).
Extending the olive branch shortly after being handed the party flag, officially declaring him as the candidate, he said: “I therefore appeal to all those who feel aggrieved to come back to our party and close ranks with the rest of us. In particular, I invite Chief Rotimi Anechi and Alhaji Muhammad Hayatu-Deen to join me in this fight to save our democracy and our country.
“As I said previously, there are no winners and no losers. Our people look up to us for leadership and I am ready to lead,” he said.
He added that he would work with other aspirants and stakeholders to build the party ahead of the general election.
“I shall work with you all to continue to build our party. I will campaign with you and if Nigeria’s leaders demand it, govern with you to build a country that works for all of us.”
The appeal is coming hours after both Amaechi, former Governor of Rivers State and former Minister of Transportation and Hayatu-Deen, former Chairman of the Nigerian Economic Summit Group (NESG), rejected the result, even before it was announced, citing what they described as manipulation of the voting process, with Hayatu-Deen saying he would not attend the announcement of the result.
Regardless, Atiku, Nigeria’s former Vice President between 1999 and 2007, said he truly humbled and excited to lead the party into the next elections, adding that he was particularly excited by the party’s demonstration of internal democracy despite the position of naysayers.
Hear him: “I must state at this juncture that this is not the time to celebrate. No one was defeated because we are one party and we all need to recognise the fierce urgency of the moment.
“Therefore, we have to unite, as we pledged before this process, to work to pull our country and our people out of the destructive grip of a corrupt, incompetent and polarising APC government.
“I thank the primary elections Committee for organising peaceful, free, fair and transparent primaries. I thank the various leadership organs of our party, the various stakeholders, and volunteers for their hard work and dedication and all our party members and supporters for their efforts, patience and conduct during the process.
“With the primaries behind us, the real hard work is about to begin. We have to prepare to campaign hard to win the next general elections in order to begin the difficult process of rescuing our country and its long-suffering people from this government.”
“I will not be attending the announcement of the ADC Presidential Election Results today. I am concerned by reports from across the country of widespread vote rigging, some of which I myself observed, and will therefore be taking advice on my next steps.”
These were the exact words of Mohammed Hayatu-Deen, one of the presidential aspirants of the African Democratic Congress (ADC), with which he cast a slur on the ongoing presidential primaries of the party, hinging his position on reports of fraud trailing the exercise.
Hayatu-Deen, a second timer in the search for the nation’s number one job, ran against Atiku Abubakar, Nigeria’s former Vice President and Rotimi Chibuike Amaechi, former Minister of Transportation.
In a statement on his assessment of the exercise which began on Monday, the renowned economist Chairman of the Nigerian Economic Summit Group (NESG), used his X platform to convey his dissatisfaction with the process.
The ADC which said the collation for the exercise would take place in Abuja had urged aspirants, party leaders, delegates, and members to conduct themselves peacefully and uphold party unity.
Bolaji Abdullahi, its spokesman, who described the exercise as a defining moment for both the ADC and Nigerians seeking a credible political alternative, maintained that it remained committed to internal democracy and a transparent leadership selection process.
“The ADC remains proud to stand today as the only truly democratic party in Nigeria because it is the only political party whose choice of presidential candidate is determined through open primaries,” he said adding that the conduct of aspirants and party members during the exercise would reflect the leadership culture the ADC seeks to promote.
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