Cloned Nigerian Anchor

Author: Caroline Ameh

  • Senate President Sets Agenda for 10th Assembly in Post-Break Address

    Senate President Sets Agenda for 10th Assembly in Post-Break Address

    The Senate President, Senator Godswill Akpabio has announced an ambitious agenda while urging his colleagues to become a reference point in legislation for the Tenth Assembly.

    He stated this on Tuesday during plenary after resumption from the Christmas break.

    While expressing gratitude for the trust bestowed by constituents, Akpabio emphasized the need to meet heightened expectations following the previous year’s commendable performance.

    Akpabio also underscored the weighty responsibility senators carry in shaping the nation’s course and the welfare of its people, urging colleagues to exhibit courage, unity, integrity, and strategic approach to navigate uncharted territory and create a united nation.

    The Senate President called for collaborative efforts to tackle economic recovery, healthcare reform, national security, and social justice. Emphasizing the importance of transcending partisan divides, he encouraged collaboration with the Executive Arm under President Ahmed Bola Tinubu, GCFR, while upholding legislative independence.

    Advocating for open dialogue and compromise, President Akpabio urged senators to champion the marginalized and the voiceless, promoting justice and equality as he stressed the dual purpose of doing good for all and preventing injustices, asserting that injustice anywhere is a threat to justice everywhere.

    As the Tenth Assembly commences, President Akpabio called on senators to be inspired by their collective potential. He urged them to strive for excellence, serve with integrity, and leave a lasting legacy of progress for future generations. The President concluded by expressing hope that the Tenth Assembly would stand as a reference point in legislation, a testament to collective dedication and vision.

    President Akpabio’s call for an impactful legislative legacy signals a renewed commitment as the Senate resumes its duties in the new year.

  • CBN to Assume Control of Crude Sales, as President Tinubu Unveils Sweeping Reforms in Oil Sector

    CBN to Assume Control of Crude Sales, as President Tinubu Unveils Sweeping Reforms in Oil Sector

    President Bola Tinubu has directed the Central Bank of Nigeria (CBN) to assume responsibility for crude oil sales, a move aimed at addressing longstanding concerns about opaque practices and declining oil revenue under the management of Nigerian National Petroleum Company Limited (NNPCL).

    The action is to enhance transparency and efficiency in Nigeria’s oil industry, marking a significant departure from the previous exclusive control by the Nigerian National Petroleum Company Limited (NNPCL).

    Under the previous structure, the NNPC held sole authority over crude oil sales, submitting accounts solely to the federal government. Critics argued that this arrangement lacked transparency, allowing the NNPC to potentially underreport earnings.

    This directive mandates the NNPC to submit all receipts for crude oil sales to the CBN for thorough vetting and documentation. The objective is to eliminate any potential gaps in reporting and to ensure accurate records of oil revenue.

    It can be recalled that last week, the CBN Governor, Mr. Olayemi Cardoso called for collaborative effort with the Ministry of Finance and the NNPCL, highlighting its impact on foreign exchange flows and the accretion of reserves.

    Speaking at the launch of the Nigerian Economic Summit Group (NESG) “2024 Macroeconomic Outlook Report,” Cardoso outlined strategic reforms designed to foster transparency and stability in the foreign exchange market.

    “The expected stability in the foreign exchange market for 2024 can be attributed to the reduction in petroleum product imports and the recent implementation of a market-determine exchange rate policy by the CBN.”

    “This reform is designed to streamline and unify multiple exchange rates, fostering transparency and reducing opportunities for arbitrage.”

    He further highlighted the comprehensive strategy to improve liquidity in the foreign exchange markets, addressing fundamental issues that have hindered effective operations over the years. The ongoing independent forensic review aims to clear the backlog of valid FX transactions, demonstrating the commitment to upholding the integrity of financial markets.

  • Off-cycle Elelctions: INEC Chairman Seeks Air Force Support and Collaboration

    Off-cycle Elelctions: INEC Chairman Seeks Air Force Support and Collaboration

    Further to preparations towards a successful conduct of forthcoming off-cycle electuons nationwide, the Chairman of Independent National Elec5oral Commission, Prof Mahmoud Yakubu has solicited support of the Nigeria Airforce.

    The INEC Chairman disclosed that the Commission is set to conduct bye-elections and re-run elections in 26 states, covering various levels of representation.

    Speaking during a visit to the Chief of Air Staff, Air Marshal H.B. Abubakar, Prof. Yakubu expressed gratitude for the warm reception and congratulated the Air Chief on his appointment. He also commended the Air Force for cooperating with election management body regarding election security and logistics, highlighting their professionalism and neutrality.

    With elections scheduled in nine states to fill vacancies in the national and state assemblies, Prof. Mahmood Yakubu emphasized the need for collaboration with national assets, including the Nigerian Air Force (NAF).

    Addressing the upcoming electoral tasks, the Chairman outlined the extensive scale of the elections, involving 80 local government areas, 575 registration areas/wards, and 8,934 polling units. A total of 4,904,627 registered voters are expected to participate, with 4,613,291 Permanent Voters’ Cards (PVCs) already collected.

    Recognizing the enormity of the assignment, Prof. Mahmood Yakubu stressed that the Commission cannot accomplish it alone. Referring to Section 27(3) of the Electoral Act 2022, he highlighted the legal provision empowering the Commission to seek support from security, intelligence, and law enforcement agencies for the efficient delivery of materials and protection of election officials.

    In preparation for the elections, the Chairman sought the support of the NAF in expeditiously delivering materials to specific locations in the North East, South East, and South West geopolitical zones. The Commission, in collaboration with the Central Bank of Nigeria, is handling the evacuation of materials from focal airports to states where elections will occur.

    Prof. Mahmood Yakubu assured transparency in the inspection and movement of materials, involving all stakeholders, including political parties’ agents, observers, and the media.

    In conclusion, the Chairman expressed gratitude to the Chief of the Air Staff for the audience and support, anticipating yet another seamless collaboration with the Nigerian Air Force.

    In his remarks, the Chief of Air Staff, Air Marshal H.B. Abubakar expressed gratitude to the Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, for fostering democracy and strengthening collaboration between the Nigerian Air Force (NAF) and INEC, emphasizing their shared commitment to good governance, stability, and the rule of law across Nigeria.

    He noted that there is an alternative aircraft for transporting sensitive materials, urging timely planning due to capacity limitations. Additionally, he reminded Prof. Yakubu of outstanding bills, emphasizing their settlement for enhanced service delivery.

    In closing, the CAS expressed gratitude for the visit, foreseeing increased cooperation and synergy between NAF and INEC as he anticipated positive impacts on Nigeria’s democratic processes, affirming their collective commitment to maintaining the country’s status as the giant of Africa.

  • CBN Boosts Forex Market with $500 Million Injection

    CBN Boosts Forex Market with $500 Million Injection

    The Central Bank of Nigeria (CBN) has infused an additional $500 million into the foreign exchange market to tackle the persistent backlog of confirmed forex transactions.

    This revelation was made by Mrs. Hakama Sidi Ali, Acting Director of the Corporate Communications Department at the CBN, during a press briefing held in Abuja on Monday, January 29.

    Mrs. Sidi Ali underscored the commitment of the central bank, stating, “The Management of the CBN is resolute in clearing all legitimate foreign exchange backlogs within a short time frame.”

    She assured the public that the CBN is executing a comprehensive strategy designed to enhance liquidity in the Nigerian foreign exchange markets across short, medium, and long-term horizons.

    The strategy, as explained by Sidi Ali, is laser-focused on addressing longstanding issues that have hindered the efficient operation of the Nigerian forex markets.

    Key components include streamlining and unifying multiple exchange rates, promoting transparency, and reducing arbitrage opportunities.

    The governor emphasized on resolving fundamental issues, Sidi Ali stated, “The CBN’s focus is squarely on addressing the underlying challenges that have impeded the effective operation of the Nigerian FX markets over the years.”

    She expressed confidence that achieving a stable exchange rate would not only boost investor confidence but also attract foreign investment.

    “We believe that a stable exchange rate will bolster investor confidence and attract foreign investment,” she remarked.

    Sidi Ali urged all participants in the forex market to abide by the rules, emphasizing that transparency would facilitate a fair determination of exchange rates, ensuring stability for businesses and individuals alike.

    This $500 million injection by the CBN is the latest in a series of measures implemented in recent months, underscoring the central bank’s ongoing commitment to addressing the forex backlog and maintaining stability in the forex market.

  • Mali, Niger, and Burkina Faso, Exit ECOWAS

    Mali, Niger, and Burkina Faso, Exit ECOWAS

    Mali, Niger, and Burkina Faso, nations that were recently brought under military dictatorships have unilaterally withdrawn their membership of the Economic commission of West african States (ECOWAS).

    The military regimes of these countries jointly released a statement on Sunday, characterizing their departure as a “sovereign decision” that will be promptly executed.

    The move follows a series of coups in the region, with Niger experiencing a coup in July 2023, Burkina Faso in 2022, and Mali in 2020.

    ECOWAS responded by suspending all three nations and imposing severe sanctions, intensifying the already strained relations. The military regimes argue that ECOWAS’ measures hinder their ability to address pressing issues, leading to this decisive withdrawal.

    The exit is seen as a bold assertion of sovereignty by these countries aiming to tackle their challenges independently.

    However, concerns arise about potential disruptions to regional cooperation and integration, given ECOWAS’ pivotal role in fostering economic collaboration, regional security, and political stability.

    The departure of these nations may undermine these efforts, causing fragmentation in regional initiatives.

    The Sahel region, grappling with persistent jihadist violence, faces heightened security risks due to the absence of a unified regional approach. Moreover, the withdrawal may impact the international standing of these countries, limiting their access to diplomatic relations and foreign investments facilitated by ECOWAS.

    This decision has garnered international attention, sparking debates among experts and analysts.

    The uncertainty surrounding its consequences will be closely monitored in the coming months, as the withdrawal signifies a pivotal moment in the region’s political dynamics. The potential impact on regional stability, security, and development remains a subject of intense scrutiny.

  • Senate President Dispels False Narratives, Emphasizes Time Management and Colleague Respect

    Senate President Dispels False Narratives, Emphasizes Time Management and Colleague Respect

    In a swift response to a recent information circulating on some media platforms about Senator Godswill Akpabio being a habitual late-comer, his Special Adviser, Media & Publicity Hon. Eseme Eyiboh, has countered the narative, saying it was not correct.

    According to him, contrary to media speculations, Akpabio places a premium on time, aligning with Benjamin Franklin’s philosophy that “Time is money.”

    He stated that Sen. Akpabio’s “accomplishments in both private and public life are attributable to his commitment to effective time management.”

    “As Senate President, Akpabio holds profound respect for his colleagues and the Nigerian public. Recognizing his role as one among equals, he avoids undermining the status of distinguished senators by ensuring punctuality in Plenary sessions”.

    The release clarifies that the disruptions or lateness to schedules are prioritized but not compromised. Emergency issues and motions of national importance often require urgent attention before Plenary, a responsibility Akpabio diligently fulfills, contributing to occasional delays.

    On the claims of habitual lateness dating back to his tenure as Akwa Ibom State governor, the release emphasizes Akpabio’s unwavering commitment to punctuality and dispels any suggestion that lateness impacts the Senate’s efficiency.

    The release finally urged the mischief makers to refrain from perpetuating falsehoods about Akpabio’s punctuality and allow him to focus on his dedication to serving the nation and humanity without unwarranted distractions.

  • AFCON: Akpabio hails Super Eagles, charges them to conquer Africa

    AFCON: Akpabio hails Super Eagles, charges them to conquer Africa

    Senate President, Senator Godswill Akpabio has applauded the Super Eagles of Nigeria for beating the Indomitable Lions of Cameroon to qualify for the quarter finals of the ongoing TotalEnergies CAF African Cup of Nations.

    Akpabio, in a congratulatory message to the Nigerian team signed by his Special Adviser on Media and Publicity, Hon. Eseme Eyiboh said with the Saturday’s triumph over Cameroon, the Super Eagles have proven they have the wherewithal to beat any team in Africa.

    The resourcefulness and industry of the Super Eagles from Godswill Akpabio International Stadium(nest of champions)in Uyo to Felix Houphouet Boigny Stadium in Abidjan is never in doubt.

    Praising the Super Eagles for their resilient, tactical discipline, and team work, the Senate President said “I felt proud watching the Super Eagles demobilize the lions.

    “Apart from dominating the Indomitable Lions, the Super Eagles tamed the Lions and made them looked ordinary. That is the Nigerian spirit. I congratulate you for making million of Nigerians proud”, he stated.

    The Senate President noted that the Super Eagles opponents in the quarter finals, the Palancas Negras of Angola is not a pushover but expressed optimism that Nigeria will triumph over them.

    “Your opponents in the quarter finals are also a strong side. But I strongly believe that with determination, right tactics and team work, you will subdue them.

    “While I congratulate you for advancing to this stage of the competition, I urge you not to be complacent but continue to be focused and resilient. We are behind you and all Nigerians are supporting you.

    “Do not look back but go on and bring home the trophy”, he charged the Eagles.

  • Nigerian Foreign Minister Tuggar Welcomes US Secretary of State Blinken for Bilateral Talks

    Nigerian Foreign Minister Tuggar Welcomes US Secretary of State Blinken for Bilateral Talks

    Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, warmly received the United States Secretary of State, Anthony Blinken, on Tuesday, January 23, 2024.

    The diplomatic encounter took place at the Presidential wing of the Nnamdi Azikiwe International Airport, where Tuggar, alongside Secretary to the Government of the Federation Sen George Akume, led a brief reception and exchanged pleasantries with the visiting American diplomat.

    Alkasim Abdulkadir, Special Assistant on Media and Communications Strategy to the Minister of Foreign Affairs, confirmed these details, highlighting the significance of the diplomatic engagement between Nigeria and the United States.

    During Secretary Blinken’s visit, discussions are set to revolve around key areas such as deepening democracy in the West African subregion, enhancing trade relations, and bolstering security cooperation between the two nations.

    The Minister also plans to utilize the opportunity to advocate for multilateral reforms, specifically emphasizing the need to democratize the United Nations Security Council.

    The talks aim to strengthen ties and address regional and global concerns in a collaborative manner.

  • BREAKING: Governor declares 24-hour curfew in Plateau LG

    BREAKING: Governor declares 24-hour curfew in Plateau LG

    Plateau State Governor, Caleb Mutfwang, has declared a 24-hour curfew on the Mangu Local Government Area of the state with immediate effect.

    The development was confirmed in a statement issued on Tuesday by the governor’s Director of Press and Public Affairs, Gyang Bere.

    He said the decision followed the deteriorating security situation in the area.

    The statement read in the part, “Governor Mutfwang took the decision after consultations with the relevant security agencies.

    “He stated that only persons on essential duties are allowed to move within the local government area until further notice.

    “He urged all citizens, especially residents of Mangu Local Government Area, to comply with the directive and assist the security personnel by providing reliable information to restore peace and order in the area.

    “He lamented that some people are still determined to create an atmosphere of insecurity in the state, despite the government’s efforts to end the activities of terrorist elements.

    “He expressed his sympathy to the families of the victims and the injured and assured them that the government will not relent in ensuring lasting peace in the state.

    “He promised that the curfew will be reviewed as soon as the security situation improves.”

  • New Commander Takes Charge to Tackle Abuja Kidnapping Crisis

    New Commander Takes Charge to Tackle Abuja Kidnapping Crisis

    Once a rare occurrence in the nation’s capital, Abuja, the incidence of kidnapping and other violent crimes have become rampant in the Federal Capital Territory of Nigeria.

    Determined to stem the escalating incidence of kidnapping in the Federal Capital Territory (FCT), the Inspector-General of Police (IGP), Olukayode Egbetokun, has inaugurated the Special Intervention Squad (SIS).

    This squad, under the leadership of the newly appointed commander, DC Mohammed Sanusi, aims to combat the activities of kidnappers, bandits, and enhance security in the border towns of the FCT.

    The launch of the SIS comes at a critical time as Abuja and its environs grapple with a surge in insecurity. Recent incidents have seen a rise in abductions and fatalities among civilians in the FCT.

    ESTABLISHMENT OF SPECIAL INTERVENTION SQUAD

    IGP Egbetokun, who assumed office in June, declared the establishment of the SIS as a key initiative of his administration. The squad comprises specially trained officers equipped to swiftly respond to security incidents, aligning with the administration’s priority to address violent crime threats across the country.

    Force spokesperson Muyiwa Adejobi unveiled the new commander, DC Mohammed Sanusi, via X (Twitter), stating, “Behold, the new commander IRT, DC Mohammed Sanusi. His team has arrested many kidnappers and recovered arms and ammunition, many of which were displayed recently.

    In just two days since the launch of the SIS in Abuja, significant progress has been made. Adejobi reported, “IRT has picked 2 gun runners and 4 suspected kidnappers who terrorize the FCT and neighboring communities.

    The operations are still ongoing, with details to be provided soon during a media briefing. We count on your support to do more. Thanks.”