General
Dickson Urges Bayelsa Residents to Open Bank Accounts for Access to Funds
By Modupe Gbadeyanka
Governor of Bayelsa State, Mr Henry Seriake Dickson, has called on residents of the state to embrace the window created by the Central Bank of Nigeria (CBN) for opening of bank accounts.
The pilot Account Opening Week of the apex bank is slated to run from Monday, December 2 to Saturday, December 7, 2019 in six states including Bayelsa State. Secretary to the State Government, Mr Kemela Okara, is expected to flag off the exercise in Yenagoa.
In a statement issued by the Commissioner for Information and Orientation in the state, Mr Daniel Iworiso-Markson, the Governor urged residents to take full advantage of the initiative to afford them the opportunity to own accounts and be financially included.
According to him, opening the bank accounts would allow them have access to insurance, funds to run their businesses as well as other benefits.
He commended the central bank for initiating the programme, saying the choice of Bayelsa among the pilot states was exciting and a great opportunity for the people.
“I want to encourage all Bayelsans to make full use of this opportunity because opportunities like this do not swing by always.
“The opening of accounts can be done with or without money and cuts across different Central Bank licenced banks. Therefore, those who do not have bank accounts should not let this chance slip by because this will set them up for greater access to government and other empowerment programmes.
“It is very important that every resident of Bayelsa is financially included which will boost business operations in the state and set the pace for greater economic development and industrialization,” the Governor was quoted as saying in the statement.
He further said, “Bayelsa is the only state in the South-South geo-political zone where the exercise will be carried out, which affords all indigenes of the state an opportunity for financial inclusion.
“This will prim them for benefits such as access to insurance, pension and other facilities that will make their lives better.”
Mr Seriake added that the CBN’s latest move on financial inclusion was in line with his administration’s efforts in ensuring that Bayelsans have access to funds to establish and grow their businesses.
He further added that it was in that regard that the Izon Micro Finance Bank was set up in each of the eight local government areas in the state, and that the testimony of it has been a stamp on the commitment of the Restoration Government to lift people out of poverty.
The Governor pledged the total support of his government to create an enabling environment to ensure the efficient execution of the account opening exercise across designated centres in the state.
General
Senate Passes Electoral Act Amendment Bill, Blocks Electronic Transmission of Results
By Modupe Gbadeyanka
The Senate on Wednesday passed the bill to amend the Electoral Act of 2022 after delays, which almost pitched the institution against several Nigerians.
Last week, the upper chamber of the National Assembly headed by the Senate President, Mr Godswill Akpabio, set up a panel to look into the matter, with the directive to submit its report yesterday, Tuesday, February 3, 2026.
However, after the report was submitted yesterday, the red chamber of the parliament said it was going to take an action on it on Wednesday.
At the midweek plenary, the Senate eventually passed the Bill for an Act to Repeal the Electoral Act No. 13, 2022 and Enact the Electoral Act, 2025.
However, some critical clauses were rejected, including the proposed amendment to make is mandatory for the Independent National Electoral Commission (INEC) to transmission election results electronically from polling units to the INEC Result Viewing (IReV) portal.
The clause was to strengthen transparency and reduce electoral malpractice through technology-driven result management.
It also rejected a proposed amendment under Clause 47 that would have allowed voters to present electronically-generated voter identification, including a downloadable voter card with a unique QR code, as a valid means of accreditation.
The Senate voted to retain the existing 2022 provisions requiring voters to present their Permanent Voter’s Card (PVC) for accreditation at polling units, and upheld the provision mandating the use of the Bimodal Voter Accreditation System (BVAS) or any other technological device prescribed by the electoral umpire for voter verification and authentication, rather than allowing alternative digital identification methods as proposed in the new bill.
The Senate also reduced the notice of election from 360 days to 180 days, with the timeline for publishing list of candidates by INEC dropped from 150 days to 60 days.
General
Amupitan Says 2027 Elections Timetable Ready Despite Electoral Act Delay
By Adedapo Adesanya
The Independent National Electoral Commission (INEC) has completed its timetable and schedule of activities for the 2027 general election, despite pending amendments to the Electoral Act by the National Assembly.
INEC Chairman, Mr Joash Amupitan, disclosed this on Wednesday in Abuja during a consultative meeting with civil society organisations.
Mr Amupitan said the commission had already submitted its recommendations and proposed changes to lawmakers, noting that aspects of the election calendar might still be adjusted depending on when the amended Electoral Act is passed.
He, however, stressed that the electoral umpire must continue preparations using the existing legal framework pending the conclusion of the legislative process and presidential assent to the revised law.
According to him, the commission cannot delay critical preparatory activities given the scale and complexity involved in conducting nationwide elections.
The development highlights INEC’s commitment to early planning for the 2027 polls, even as stakeholders await legislative clarity that could shape parts of the electoral process.
Yesterday, the Senate again failed to conclude deliberations on the proposed amendment to the Electoral Act after several hours in a closed-door executive session. The closed session lasted about five hours.
Lawmakers dissolved into the executive session shortly after plenary commenced, to consider the report of an ad hoc committee set up to harmonise senators’ inputs on the Electoral Act Amendment Bill.
When plenary resumed, the Senate President, Mr Godswill Akpabio, did not disclose details of the discussions on the bill.
Despite repeated executive sessions, the upper chamber has yet to pass the bill, marking the third unsuccessful attempt in two weeks.
The Senate, however, said it will not rush the bill, citing the volume of post-election litigation after the 2023 polls and the need for careful legislative scrutiny.
Last week, the red chamber of the federal parliament constituted a seven-member ad hoc committee after an earlier three-hour executive session to further scrutinise the proposed amendments.
General
REA Expects Further $1.1bn Investment for New Mini Power Grids
By Adedapo Adesanya
The Managing Director of the Rural Electrification Agency, (REA), Mr Abba Aliyu, is poised to attract an estimated $1.1 billion in additional private-sector investment to further achieve the agency’s targets.
He said that the organisation has received a $750 million funding in 2024 through the World Bank funded Distributed Access through Renewable Energy Scale-up (DARES) project.
He added that this capital is specifically intended to act as a springboard to attract an estimated $1.1 billion in additional private-sector investment, with the ultimate goal of providing electricity access to roughly 17.5 million Nigerians through 1,350 new mini grids.
Mr Aliyu also said that the Nigeria Electrification Project (NEP) has already led to the electrification of 1.1 million households across more than 200 mini grids and the delivery of hybrid power solutions to 15 federal institutions.
According to a statement, this followed Mr Aliyu’s high-level inspection of Vsolaris facilities in Lagos, adding that the visit also served as a platform for the REA to highlight its decentralized electrification strategy, which relies on partnering with firms capable of managing local assembly and highefficiency project execution.
The federal government, through the REA, underscored the critical role the partnership with the private sector plays in achieving Nigeria’s ambitious off-grid energy targets and ending energy poverty.
Mr Aliyu emphasized that while public funds serve as a catalyst, the long-term sustainability of Nigeria’s power sector rests on credible private developers who are willing to invest their own resources.
He noted that public funds are intentionally deployed as catalytic grants to ensure that the private sector maintains skin in the game which he believes is the only way to guarantee true accountability and the survival of these projects over time.
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