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Sheriff Lawfully Sacked …PDP Tells High Court

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The Peoples Democratic Party (PDP) has declared that former Acting National Chairman of the party, Senator Ali Modu Sheriff,  was validly removed by the legally constituted  May 21, 2016 National  Convention  of the party which held in Port Harcourt .
The PDP further declared that the caretaker committee  of the party headed by Senator  Ahmed Makarfi was duly appointed  in line with the  Constitution  of  the  party.
The party stated that the National  Convention  was convened by the National Executive Committee headed by  the  former Acting National Chairman,  Senator Modu Sheriff,  who himself  participated in pre-convention events including  his participation  in the screening  exercise.
Counsel to the PDP, Oladejo  Lamikanra, a Senior Advocate of Nigeria (SAN) told the Federal  High Court, yesterday, in Port Harcourt, presided over by Justice  Abdullahi  Liman, in an originating  summons that: “Modu Sheriff  submitted himself  for screening at the Port Harcourt National Convention. Realising that he has lost his bid to be National Chairman, Modu Sheriff  alone without consent and consultations with the  National Executive Committee  claimed he postponed the convention. Modu Sheriff  had no such powers to postpone a convention approved by the National Executive Committee. “
Lamikanra further argued that: “Modu Sheriff  is not the chairman  of  PDP. He was never elected at any convention and he is subject to the extant judgment of A.B. Mohammed of FCT High Court, which Modu Sheriff is curiously  seeking  to  enforce.
“The FCT High Court Justice A.B. Mohammed had in judgment  of 18 May 2016 in FCT/CV/1443/2016 rejected  Modu Sheriff’s  argument  that he is PDP  Chairman  until 2016. “
The PDP  argued that no court stopped the party from holding its National Convention. It added that the National Constitution  of  the  PDP  was also never suspended, hence, the National  Convention derived its powers from the party’s  constitution.
The party  stated that the interim order of the Federal  High Court sitting in Port Harcourt  stopping  Modu  Sheriff from parading himself  as PDP  Chairman  was still subsisting.
The  PDP  stated, “the Interim Orders could not possibly lapse when Modu Sheriff had an application  asking  court to set aside same order. It could not possibly  lapse when Modu  Sheriff was asking  the  name PDP  to be struck  out  from the suit.
“An interim order met with the applications  mentioned  does not lapse until 14 days after arguments are taken. That is 14 days from May 16, 2016”.
He noted that the suit was filed by the PDP and not Senator Ahmed Makarfi  and Senator Ben Obi  as claimed by the Former  Acting  National Chairman of the party.
Earlier, former Acting National Chairman of PDP, Senator Ali Modu Sheriff, had urged the court to dismiss  the  originating summons.
The former Acting  National Chairman through  his counsel, Ajibola Oluyode filed applications  asking the court to set aside the interim order directing  him to stop parading himself  as Acting National  Chairman.
The former acting National  Chairman  also urged the court to strike out the name PDP  from the suit  and subsequently  struck it out.
Justice Abdullahi Liman  adjourned  the  matter to July 4, 2016 for judgment

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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