Connect with us

News

BREAKING: Emefiele, Malami on their own, I didn’t ask them to disobey S’Court – Buhari

Published

on

President Muhammadu Buhari, on Monday, practically washed his hands of the continued stagnation of the country’s financial sector, saying the present currency crunch being experienced by Nigerians was no longer his making.

Short of asking Nigerians to hold the Attorney General of the Federation, Abubakar Malami and Central Bank of Nigeria (CBN) Governor responsible for the worsening situation, the President, explained that at no time did he instruct the duo to flout the orders of the Supreme Court, that the old N200, N5000 and N1,000 earlier declared no longer acceptable as legal tenders, should be reintroduced into the system.

The apex court, on the strength of the arguments of 10 state governors, mostly of the All Progressives Congress (APC), had on March 3, in its judement reversed the deadline of February 10 the CBN governor had announced for the currencies to be legally acceptable.

Instead, the Court, which had initially halted the move on February 8, had reiterated its orders a week later on February 15, only for Buhari to announce through a nationwide broadcast that only the N200 should be returned.

Advertisement

However, Before its judgement of March 3, Justice Emmanuel Agim, who read the unanimous judgement of the apex court had berated Buhari for his action as unconstitutional use of executive powers and breach of the fundamental human rights of Nigerians, while extending the lives of the currencies to December 31.

But, expectant Nigerians, who had rushed to the banks hoping for a thaw in their suffering, were surprised at the unclear signals, especially as the banks claimed there was no clear directives of the CBN on the matter, which gave the disturbing impression that the orders of the apex court were being obeyed in breach.

See also  BREAKING: Air Peace breaks decade’s jinx, begins flight into US

Garba Shehu, presidential spokesman, in a statement on Monday, completely absolved his boss of blame in the matter, apparently to put a lie to the insinuation that the unclear signals was from the President who was not ready to obey the orders.

The statement, read: “The Presidency wishes to react to some public concerns that President Muhammadu Buhari did not react to the Supreme Court judgement on the issue of the N500 and N1,000 old currency notes, and states here plainly and clearly that at  no time did he instruct the Attorney General and the CBN Governor to disobey any court orders involving the government and other parties.

“Since the President was sworn into office in 2015, he has never directed anybody to defy court orders, in the strong belief that we can’t practise democracy without the rule of law and the commitment of his administration to this principle has not changed.

Advertisement

“Following the ongoing intense debate about the compliance concerning the legality of the old currency notes, the Presidency therefore  wishes to state clearly that President Buhari has not done anything knowingly and deliberately to interfere with or obstruct the administration of justice.

“The President is not a micromanager and will not, therefore, stop the Attorney General and the CBN Governor from performing the details of their duties in accordance with the law. In any case. it is debatable at this time if there is proof of willful denial by the two of them on the orders of the apex court.

“The directive of the President, following the meeting of the Council of State. is that the Bank must make available for circulation all the money that is needed and nothing has happened to change the position.

See also  Nude Nasarawa women: PDP must take responsibility, apologise – Sule  

“It is an established fact that the President is an absolute respecter of judicial process and the authority of the courts. He has done nothing in the last eight or so years to act in any way to obstruct the administration of justice, cause lack of confidence in the administration of justice, or otherwise interfere or  corrupt the courts and there is no reason whatsoever that he should do so now when he is getting ready to leave office.

“The negative campaign and personalised attacks against the President by the opposition and all manner of commentators is unfair and unjust, as no court order at any level has been issued or directed at him. As for the cashless system the CBN is determined to put in place, it is a known fact that many of the country’s citizens who bear the brunt of the sufferings, surprisingly support the policy as they believe that the action would cut corruption, fight terrorism, build an environment of honesty and reinforce the incorruptible leadership of the President.

Advertisement

“It is therefore wide off the mark to blame the President for the current controversy over the cash scarcity, despite the Supreme Court judgement. The CBN has no reason not to comply with court orders on the excuse of waiting for directives from the President.

“President Buhari has also rejected the impression that he lacks compassion, saying that “no government in our recent history has introduced policies to help economically marginalised and vulnerable groups like the present administration.”

 

See also  Cement price: Shylocks mustn’t be allowed to bleed Nigeria to death – FG

Advertisement

News

Tough economy: Trouble in APC, as staff plan strike

Published

on

A loud grumbling has enveloped the 40 Blantyre Crescent, Wuse, Zone 2, Abuja, headquarters of the All Progressives Congress (APC), where staff across different departments are threatening to down tools in protest of poor welfare and biting economic hardship.

Daily Trust, is reporting that the staff are specifically asking the party’s top echelon to make provision for their housing and other allowances, stressing that the economic situation of the country had become quite unfavourable to them.

The paper quoted one of the staff, who spoke on condition of anonymity, as saying that the party’s executive members had left them to suffer, while taking home humongous amounts of money as salaries and allowances.

Though Abdullahi Umar Ganduje, National Chairman of the party, is said to have commenced payment of N35,000 provisional wage award to them in January 2024, they argued that the largesse would in June, and they would be back to square one and therefore, they needed more stable welfare packages.

Advertisement

In a swift riposte, Felix Morka, spokesman of the party, was quoted as dismissing the agitation, saying: “Those matters I don’t really discuss them. As you can see, there are many important things to discuss; at the national level, in Edo State. We are battling with all that. So, any in-house matters are not my focus right now.”

See also  Peseiro: Ivorians were better, our strategy failed *Eagles Return to Abuja, set to meet Tinubu
Continue Reading

News

BREAKING: Davido ups the ante, doles out N300million to orphanages

Published

on

David Adeleke Nigerian music sensation, otherwise known as Davido is stamping his giant feet with which he has mesmerised his audience across the world in the arena of philanthropy, with an announcement of a fresh donation of a whopping N300million to some orphanages across the country.

The latest is an increase of N63million up from the N237million the popular singer, who disclosed the largesse in a statement on his social media accounts on Tuesday, dolled out last year as part of the gesture in what is now turning out a yearly programme since it started a few years ago.

The gesture is coming at a time Nigeria is under an intense weather of deprivation and poverty, with the prices of food and other commodities hitting the roof and citizens, unable to afford basic items mostly going to bed on empty stomachs as a result.

In recent weeks, demonstrations had erupted in many parts of the country, including Niger, Kano, Ogun and Oyo States, where residents trooped into the streets to demand an end to the parlous situation, which they blamed on the insensitive policies of the government of Bola Tinubu, the Nigerian President.

Advertisement

The singer, who first gave out N250m to 292 orphanages in October 2022, said the this year’s donation would be done through The David Adeleke Foundation (DAF), adding: “I and my foundation pledge the sum of 300 million Naira to orphanages around Nigeria … as my yearly contribution to the nation. Details of disbursement tomorrow.”

See also  BREAKING: PDP Chairman dies!
Continue Reading

News

BREAKING: Tinubu set to probe Buhari’s N23trillion Ways and Means debt

Published

on

At last, President Bola Tinubu, may be going through the N23trillion Ways and Means debt obtained by his predecessor, Muhammadu Buhari, with a fine comb to determine what the funds, which is attributed to a major part of the current debt overhang in the country, went into.

The Nation, quoted Wale Edun, Minister of Finance and Coordinating Minister for the Economy as revealing this much to participants at the ongoing Public Wealth Management Conference organised by the Ministry of Finance Incorporated (MoFI).

Besides, the Minister reportedly said the Federal Government would also present a bill to the National Assembly, soon to authorise the removal of “all taxes and levies that constitute nuisance from the country’s tax system, as a measure to wean itself from future Ways and Means indebtedness.

The government, Edun added, will vigorously pursue policies that will allow it harvest revenue in real time from Government Owned Enterprises (GOEs) and Corporate entities.

Advertisement

It was also on the same day that the Minister explained that Tinubu’s administration inherited a surge in food and general commodity prices from the previous government, but emphasised the government’s commitment to reducing food prices and tackling the nation’s high inflation rate.

Outlining the measures government was taking in tackling the situation, he revealed that, the government had released 42,000 metric tons of grains, with an additional 60,000 metric tons scheduled for release soon.

See also  Under Tinubu’s nose, Nigerians dying like animals *Hails state police
Continue Reading

Trending