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S’South Govs Seek Dignified Exit For Onnoghen

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The South-South governors may have resolved to intervene in the resignation saga of the embattled Chief Justice of Nigeria, Justice Walter Samuel Nkanu Onnoghen.
The governors intend to meet President Muhammadu Buhari with a view to persuading him to accept Onnoghen’s resignation letter.
Buhari is yet to act on the April 4, 2019, letter or the recommendation of the National Judicial Council (NJC) that the CJN be compulsorily retired.
Onnoghen turned in his letter 24 hours after the NJC met and decided that he had to go having lost the moral authority to continue as CJN with the litany of allegations bordering on misconduct against him.
It was gathered that the majority of the South-South governors have bought the idea of intervening in the Onnoghen matter.
It was further learnt that Onnoghen actually attempted to negotiate his exit with three conditions before the NJC advised the President to retire him.
The Presidency rejected the Onnoghen exit conditions, and opted to see his trial through at the Code of Conduct Tribunal (CCT).
One of the conditions was for the Federal Government to enter a ‘nolle prosequi’ at the tribunal.
He also asked that the Economic and Financial Crimes Commission (EFCC) should discontinue his investigation/trial, and that his suspension be lifted to allow him to return to office after which he would voluntarily resign within four weeks.
But last Thursday, however, the tribunal convicted him for failing to declare his assets as required by law, and ordered his immediate removal from office as CJN.
Investigation revealed that the South-South governors, some of whom have no personal relationship with Onnoghen, have requested audience with Buhari.
The meeting was expected to be held last Thursday but the conviction of Onnoghen same day by the CCT caused a delay as one of the issues was overtaken by the judgment.
Sources said the governors are keen on getting a dignified exit for Onnoghen, who is from Cross River State, a critical state in the geopolitical zone.
They were said to have consented to a ‘political solution’ to the CJN matter.
A source said, “The South-South governors want the Presidency to close the chapter on Onnoghen by accepting his voluntary resignation/retirement. This is why they believe a political solution is better than this messy affair.
“They have sought audience with the President on how to find an amicable solution to the travails of Onnoghen.
“They are buying into the recommendation of the National Judicial Council (NJC) to allow Onnoghen to retire with full benefits and retain his membership of the Council of State.
“They do not want the CCT matter to drag on for more months. They also do not want Onnoghen subjected to a separate trial by the EFCC on other allegations against him.”
It was unclear when the governors will meet the President, again.
Before the conviction of the CJN, last Thursday, he had voluntarily resigned after much pressure and following the decision of the NJC advising Buhari to retire him.
“The NJC decision shocked Onnoghen and he lost the last straws he was clinging to. At this point, he offered to resign/retire accordingly,” another source added.
The Presidency, in rejecting Onnoghen’s conditions for stepping down, believed that the law be allowed to run its course.
A government source said, “The conditions were untenable and the Presidency told the intermediary that investigative reports on Onnoghen were awesome for three separate trials.
“This was how the negotiation deal collapsed and Onnoghen was left to bear his cross at the CCT. If the CJN had made some concessions, maybe, his case would not have reached this level.”

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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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