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IBB’s statement: Police has defamed ex-president’s spokesman, Afegbua – Falana

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Femi Falana, activist and human rights lawyer, has reacted to the alleged plan to arrest Kassim Afegbua, spokesperson of former Military Head of State, Ibrahim Babangida by the Nigerian Police Force.

Falana said the Inspector General of Police, Ibrahim Idris has defamed Afegbua by declaring him wanted like a common fugitive.

The police had declared IBB’s spokesperson wanted over a statement he issued claiming that Babangida was quoted as advising Nigerians to vote against President Muhammadu Buhari in 2019.

After much controversy, the former military Head of State disclosed that he authorised Afegbua to release the statement.

Reacting to the statement, Falana, in a statement said, “no criminal offence known to law has been committed to warrant the action of the Inspector General of Police”.

The statement reads, “Last Sunday, former military President Ibrahim Babangida issued a press statement through his press secretary, Mr. Kassim Afegbua. In the statement the former military ruler was said to have advised President Mohammadu Buhari not to participate in the 2019 presidential election. But in his characteristic manner, General Babangida promptly disowned the well publicised press statement and the views ascribed to him by Mr. Afegbua. Since this is not the first time that General Babangida has disowned controversial statements made by him Mr. Afegbua ought to have been more circumspect in issuing this particular statement.

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“However, notwithstanding that the retired General has dissociated himself from the statement the Inspector-General of Police, Mr. Ibrahim Idris has declared Mr. Afegbua wanted for alleged “character defamation”. By declaring Mr. Afegbua when he has not failed to honour the invitation of the Police the Inspector-General of police has over reached himself. It is undoubtedly that it is the Inspector General of police who has defamed Mr. Afegbua by portraying him as a fugitive from the law. Therefore, Mr. Idris is advised to withdraw the offensive declaration without any further delay.

“Having regard to the facts and circumstances of the issuance of the public statement by Mr. Afegbua and the denial by General Babangida it ought to be pointed out that no criminal offence known to law has been committed to warrant the action of the Inspector General of Police. More so, that both General Babangida and President Buhari have not complained that the controversial press statement has defamed them. In fact, if the statement is considered defamatory whoever is injured would have to institute a civil suit where he will be required to put his own reputation in issue. In Arthur Nwankwo v The State (1985) 4 NCLR 228, the Court of Appeal had cautioned public officers in Nigeria to desist from invoking undemocratic laws which were introduced by the erstwhile British colonial regime to harass or intimidate their political opponents. According to Olajide Olatawura JCA (as he then was of blessed memory):

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“The decision of the founding fathers of this present Constitution which guarantees freedom of speech which must include freedom to criticize should be praised and any attempt to derogate from it except as provided in the Constitution must be resisted. Those in public office should not be intolerant of criticism. Where a writer exceeds the bounds there should be a resort to the law of libel where the plaintiff must of necessity put his character and reputation in issue.”

“Since General Babangida has now turned round to insist that he authorised Mr. Afegbua to issue the controversial statement it is hoped that he will be prepared to say so in a criminal court. His testimony will go a long way to destroy the criminal case which the Inspector-General intends to institute against Mr. Afegbua. However, the Inspector-general of Police should be advised not to popularise the discredited views of both Generals Olusegun Obasanjo and Ibrahim Babangida who failed woefully to institutionalised democracy, rule of law, human rights, self reliance and probity during the 20 years that both of them had ruled the country.”

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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Dangote Slashes Diesel Price Amidst Economic Optimism

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Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.

The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.

This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.

In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.

“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.

As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.

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