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Ooni of Ife reacts to call for Gani Adam’s resignation, dismisses allegation.

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HIS Imperial Majesty, the Ooni of Ife, Oba Adeyeye Ogunwusi Ojaja II has dismissed a newspaper report in which he was quoted to have ordered Otunba Gani Adams to vacate his position as the National Coordinator of the Oodua People’s Congress(OPC).

The Ooni in reaction has released a statement dismissing the calls for his resignation.

Contained in a statement released and made available to the press by his Director of Media and Public Affairs, Comrade Moses Olafare who described Gani Adams as an unapologetic loyalist of Ooni’risa said that  the veteran Yoruba Self-determinationist, Adams has invested so much of resources into the socio-cultural emancipation of Oodua race and can only be treated with a deserved reciprocation of love and respect as a patriotic Ooduan who has never hesitated to demonstrate love and respect to the sacred throne of Oduduwa.

The statement reads, “Baba Ooni never at anytime claimed to have ordered Otunba Gani Adams to resign as the Leader of the OPC. He sees him as an unapologetic loyalist son who has always treated him as his father with love and absolute respect.

“Otunba Adams is a great Ooduan and veteran Oodua Self-determinationist who has invested so much the socio-cultural emancipation of the Oodua race.

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That is why we have always welcomed him as a member of the inner chamber of the Ooni’s Palace”.

Also, on the request by a factional group of OPC members on a visit to the Ooni at Ile-Ife recently begging him to intervene in the OPC matters, the  foremost king enjoined all the factions within the Pan-Yoruba group to close ranks and work together as one big family in the interest of unity and peace in Yorubaland.

“Baba said to them to close ranks in the interest of peace and unity of Yorubaland. He assured them of his fatherly support at all time as long as the unity of Yorubaland is not in jeopardy. Oba Ogunwusi, who is billed to tour Europe in May on the invitation of sons and daughters of Oodua is committed to the emancipation of the race. His unwavering and unflinching determination to unite all forces in Yoruba Kingdom both home and in diaspora is the driving force behind all these”. Olafare added.

In a related development, the statement further revealed the preparation of the palace which is said to be in the top gear in welcoming members of OPC, and Oodua Progressives Union (OPU) as well as the members of Olokun Festival Foundation to Ile-Ife for the annual Oodua Festival slated for January 25th and 26th in Ile-Ife.

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.

In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.

“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.

He added, “I wish you many more years of God’s grace in your life.”

 

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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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