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NASS Strips Buhari’s Power To Control CCT

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NASS Strips Buhari's Power To Control CCT

national-assembly-nass

By Ebitonye Akpodigha

The National Assembly (NASS) has finally amended the Code of Conduct Act, taking over the power to appoint members of staff of the Code of Conduct Bureau (CCB) from the President.

In the amended act, NASS is now the one to appoint members of staff of the Bureau and exercise disciplinary control over them, including the Code of Conduct Tribunal (CCT) as against the President, which used to be the case.

This development came few minutes after the Court of Appeal on Thursday dismissed the request by the Senate President, Mr Bukola Saraki, to stop his trial at the CCT.

At the plenary today, Senators were divided along party lines, but at the end, few parts of the act was amended.

The amended act now requires ‎the Bureau to first invite the person suspected to have falsely declared his asset for clarification before being taken to the CCT for trial.

Section 4 (2) was amended to substitute the word “President” with “the National Assembly” as the one to appoint members of staff of the Bureau and exercise disciplinary control over them.

However, ‎Section 1 (4) was deleted and replaced with: “The Chairman and members shall serve for a term of five years subject to renewal for one further term only.

“(E) Upon complaint(s) of any breach or where it appears to the Bureau that there is a breach of the provision of this Act, any person concerned shall be given particulars of such noncompliance or breaches to explain before any reference to the Tribunal.”

It would be recalled that the Senate had previously stepped down the consideration of the bill due to public outcry that followed the move.

The House of Representatives had before now amended the Act, but sent it to Senate for concurrence as required by the Constitution.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Tinubu Travelled Abroad to Rest, Will Return Soon–Aide

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Bola Tinubu saved Nigeria from needless political

By Modupe Gbadeyanka

The office of the president-elect has confirmed that Mr Bola Tinubu has jetted out of Nigeria for a rest in the United Kingdom and France ahead of his swearing-in ceremony slated for May 29, 2023.

An online platform on Wednesday reported that the winner of the February 25 presidential election travelled to Europe for urgent medical attention.

But in a statement issued by one of his aides, Mr Tunde Rahman, it was emphasized that the former Governor of Lagos State only left the country to have a rest in London and Paris before going to Saudi Arabia for lesser hajj.

It was disclosed that Mr Tinubu travelled out of Nigeria on Tuesday night via the Murtala Mohammed International Airport (MMIA) Ikeja Lagos.

“After a very exhaustive campaign and election season, President-elect, Asíwájú Bola Tinubu, has travelled abroad to rest and plan his transition programme ahead of May 29, 2023 inauguration.

“The President-elect left the Murtala Mohammed International Airport, Ikeja, for Europe on Tuesday night.

“The President-elect decided to take a break after the hectic campaign and election season to rest in Paris and London, preparatory to going to Saudi Arabia for Umrah (Lesser Hajj) and the Ramadan Fasting that begins Thursday.

“While away, the President-elect will also use the opportunity to plan his transition programme.

“He is expected back in the country soon.

“We enjoin the media to stop publishing rumours and unsubstantiated claims and to always seek clarifications from our office,” the statement said.

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INEC Declares Labour Party’s Alex Otti Abia Governor-Elect

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Alex Otti Abia Governor-elect

By Modupe Gbadeyanka

The candidate of the Labour Party in the governorship election in Abia State, Mr Alex Otti, has been declared as the winner of the exercise by the Independent National Electoral Commission (INEC).

The former banker polled a total of 175,467 votes to defeat his closest rival in the poll, Mr Okey Ahiwe of the Peoples Democratic Party (PDP), who garnered 88,529 votes.

The Abia State governorship election was earlier declared inconclusive by the electoral umpire due to issues arising from over-voting. The collation centre had to be moved to Abuja from Umuahia, the state capital.

The governor-elect, in a short post via his verified Twitter handle, reacted to the development by saying, “See what the Lord has done.”

Mr Otti left the banking industry a few years ago after serving as the managing director of the defunct Diamond Bank, which merged with Access Bank. He left his office in the bank to pursue his political ambition in 2015, but he failed until he succeeded in 2023.

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Cash Scarcity: NLC Orders Workers to Embark on Strike

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Nigerian Labour Congress NLC

By Adedapo Adesanya

The Nigeria Labour Congress (NLC) has directed public sector workers in the country to embark on strike beginning from Wednesday, March 29, 2023.

President of the union, Mr Joe Ajaero, gave this directive at a media briefing at Labour House in Abuja on Wednesday, March 22.

He also directed affiliate unions of the NLC to be on standby for a picketing exercise across all branches of the Central Bank of Nigeria (CBN) nationwide.

The union leader said the directive became imperative following the expiration of a one-week ultimatum given to the apex bank to make cash available for Nigerians.

The scarcity has heightened with plans by the central bank to mop up the old Naira in circulation. The apex bank recently said it had removed N2.3 trillion from circulation between October 2022 and February 2023 while printing fewer new notes.

Business Post reported that between October last year and February 2023, the cash in circulation dropped to N982.09 billion from N3.29 trillion.

This is one of the factors that has extended the scarcity of the Naira and have also prolonged it into March.

Despite the Supreme Court judgement on March 3, 2023, that the old Naira remain legal until December 31, 2023, new notes have not reached many households with the old notes and new notes difficult to acquire.

With the cash in circulation dropping and the currency in commercial banks’ vaults or that of the CBN rising, Nigerians still find it difficult to access the money deposited in their accounts despite the ruling that the new and old notes should co-exist for 10 months.

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