Politics

Senate Moves To Bar CBN Gov From Partisan Politics

Published

2 years ago

October 27, 2023

The Senate on Wednesday passed for second reading a bill seeking to amend the Central Bank of Nigeria (CBN) Act to bar the serving governor from partisan politics.
The bill titled, “Central Bank of Nigeria (Establishment) (Amendment) Bill 2023” was sponsored by Senator Steve Karimi (APC – Kogi West) while the second one titled, “A Bill to amend the Central Bank of Nigeria Act 2007, and for matters connected therewith, 2023” was sponsored by Senator Darlington Nwokocha (LP –Abia Central).
Recall that the immediate past CBN governor, Godwin Emefiele, had attempted to run for the 2023 presidential primaries of the All Progressives Congress (APC) while in office, a development that attracted widespread condemnation.
Karimi explained in the explanatory memorandum of his Bill that it was aimed at amending the CBN Act to allow for greater accountability and transparency in running the bank and to prohibit the use of foreign currency in local transactions in Nigeria.
He also proposed an amendment of section 9(2) of the CBN Act which reads, “Notwithstanding the provisions of this Act or any written law in existence, the Governor and the Deputy Governor of the Bank shall not participate directly or indirectly in partisan politics, nor contest any election, during their tenure in office.”
Moreso, the amendment, as proposed by Senator Karimi, also seeks to prohibit the use of foreign currency for domestic transactions in Nigeria.
The bill seeks amendment of Section 20 of the CBN Act, by inserting Section 20(A) immediately after the existing section 20, before the current section 21.
It proposes a fine of N250,000 or a term of imprisonment not exceeding six months or both for an individual offender, and a fine of N1,000,000 for a corporate entity and a conviction of three months to its officers or directors who authorise or undertook the transaction.
On his part, Senator Nwokocha, in his lead debate, said the amendment seeks to address all anomalies that have hindered the advancement of the apex bank to handle the ailing economy of the nation.
He said, “The thrust of this amendment is to create a people-centered Central Bank by delivering price and financial system stability and promoting sustainable economic development.”

Niger Delta

PDP Declares Edo Airline’s Plan As Misplaced Priority

Published

4 days ago

January 28, 2026

The Tide

The Edo chapter of the Peoples Democratic Party (PDP) on Friday condemned the state government’s reported plan to establish a state-owned airline.

The party, in a statement by its Edo State Publicity Secretary, Mr. Dan Osa-Ogbegie, described the proposal as a misplaced priority and evidence of poor, disconnected governance.

The Tide’s source reports that the State Governor, Monday Okpebholo, unveiled the airline plan during a meeting with Aviation Minister, Mr. Festus Keyamo, in Abuja.

Osa-Ogbegie said the proposal showed a government out of touch with the pressing challenges confronting Edo State residents.

“At a time of decaying infrastructure and stalled projects, establishing an airline is unrealistic and profoundly insensitive”, he said.

He argued that airlines were capital-intensive and technically demanding, noting that similar state-owned ventures in Nigeria had largely failed.

According to him, Benin has become a shadow of what a modern state capital should be.

He decried poor roads, collapsed urban planning, neglected drainage systems and weak municipal services across the state capital.

“This is a crying shame for a city of Benin’s history, heritage and enormous potential”, he said.

Osa-Ogbegie said several inherited projects had stalled or deteriorated, eroding investor confidence and undermining economic growth.

He accused the governor of pursuing “white elephant projects that offer optics without substance.”

He also cited ongoing flyover projects in parts of Benin as examples of poor prioritisation.

Against this background, he described the airline proposal as diversionary and lacking economic sense.

“When roads are barely motorable and services overstretched, proposing an airline betrays an absence of judgment,” he said.

He urged the government to abandon the plan and focus on people-centred priorities that would improve living conditions and spur growth.

“Edo does not need an airline to fly above its problems. It needs a government ready to confront them on the ground,” he said.

He warned that failure to refocus would deepen perceptions of an administration lacking direction, competence and a coherent development agenda.

News

Oji Clears Air On Appointment Of 15 Special Advisers By Fubara

Published

1 week ago

January 23, 2026

The Tide

The Special Adviser on Political Affairs to the Rivers State Governor, Dr. Darlington Oji, has disclosed that about 15 Special Advisers to the governor were duly approved by the Rivers State House of Assembly before the current political crisis in the State.

Oji made the disclosure in a Television programme in Port Harcourt, recently, while reacting to issues surrounding appointments, the impeachment moves against the governor and his deputy, and allegations of financial mismanagement.

He clarified that the appointment of Special Advisers was carried out in strict compliance with constitutional provisions, and received the approval of the Rivers State House of Assembly under the leadership of the Speaker, Martins Amaewhule, before the crisis began.

According to the Special Adviser, the appointments did not require any further screening, countering claims that the governor violated due process in constituting his advisory team.

On the impeachment proceedings against Governor Siminalayi Fubara, and his deputy, Professor Ngozi Odu, Oji described the process as unfounded and lacking constitutional backing.

He said that several lawmakers who initially supported the impeachment move were now reconsidering their stance after discovering that the process had no legal basis.

Oji also attributed the impeachment plot to personal and political ambitions, saying it is not motivated by the interest or welfare of the people of Rivers State.

Speaking on the financial position of the State after the Emergency Rule, the Special Adviser disclosed that the governor met about ?600 billion in the state’s coffers upon assumption of office.

He explained that the availability of funds enabled the administration to continue governance smoothly without the need for a supplementary budget.

The governor’s aide also refuted allegations of financial mismanagement against the governor, and stressed that all allocations to lawmakers and constituency projects were transparently handled.

He maintained that the Fubara administration remained focused on development, stability, and good governance despite the political distractions in the State.

Oji expressed confidence that the impeachment moves would eventually be abandoned as legislators and the public become more informed, adding that the governor’s leadership has continued to reassure citizens and sustain political stability in the State.

King Onunwor

Politics

Rivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance

Published

3 weeks ago

January 12, 2026

The Tide

The Pan Niger Delta Forum (PANDEF) has called for restraint and mutual forbearance over the recent political development in Rivers State.

The Forum has also set up a high level Reconciliation Committee chaired by a former Attorney-General and Minister of Justice the Federation, Chief Kanu Agabi (SAN).

This is contained in a press statement released in Abuja on Saturday.

The statement was jointly signed by PANDEF’s Board of Trustees Co-Chairmen, Chief Alfred Diete-Spiff, and Obong Victor Attah (a former governor of Akwa Ibom State), as well as PANDEF’s National Chairman, Chief Godknows Igali.

Accordingg to the statement, the Board and National Executive Committee of PANDEF, noted with very grave concern the recent spate of political developments in Rivers State.

“Regrettably, these developments have now degenerated into the decision of the Rivers State House of Assembly to commence impeachment proceedings against the governor and deputy governor.

“This is a deeply disturbing situation that demands urgent attention in order to forestall further escalation and breakdown of law and order.

“This concern is heightened by the critical importance and strategic centrality of Rivers to the Niger Delta region and to the broader socio-political stability and economic wellbeing of Nigeria as a whole”, the statement said.

The Forum called on all parties involved in the resurgent political imbroglio to sheathe their swords and embrace peace.

“This should be guided by the principles of give-and-take, dialogue, tolerance, and political equanimity.

“All stakeholders must place paramount importance on peace, development and the welfare of the people of Rivers.

“We must now focus squarely on good governance and development of the state,” the Forum said.

PANDEF commended President Bola Tinubu, the leadership of the All Progressives Congress (APC), respected elders of Rivers State, and other well-meaning Nigerians for their previous and ongoing efforts aimed at restoring peace and stability in the state.