Politics
Allow old, new notes to co-exist for 12 months, Tinubu advises CBN
Asiwaju Bola Tinubu, the presidential candidate of the All Progressives Congress (APC), has urged the Central Bank of Nigeria (CBN) to allow old and new N200, N500 and N1,000 notes to co-exist as legal tenders for the next 12 months.
It would be recalled that Tinubu had at a rally at the MKO Abiola Stadium in Abeokuta, the Ogun State capital, on January 25, 2023 alleged that some persons want to use the fuel scarcity in the country and the redesign of three naira notes to sabotage his chances at the February 25, 2023 poll.
The APC flag bearer also asked the apex bank to suspend all charges associated with online transactions and bank transfers till the current crisis is resolved.
This was contained in a statement by Tinubu made available to journalists by one of his campaign spokesmen, Festus Keyamo on Sunday.
“For the records, I and my running mate, Senator Kashim Shettima and our campaign council do not have anything against the CBN Naira redesign and cashless policy in principle,” Tinubu said. “We are, however, only concerned about its disruptive implementation and the hardship it has brought on the generality of our people who currently can’t access their hard-earned money to meet obligations and the attendant consequences on the informal sector, where majority operate.
“To bring immediate relief to our people, we urge the Central Bank to consider the following:
“Following the advice of the Council of States, the CBN should announce that the old and new Naira notes (especially the non-withdrawn notes and coins) will co-exist as legal tender for the next 12 months to follow examples of countries that have successfully implemented similar monetary policy.
“This will immediately remove growing tension in the country, eliminate panic reactions by the populace and allow time to scale up infrastructural gaps around alternative payment options to cash.
“We advise the immediate suspension of associated charges on online transactions and bank transfers and payments via POS until the current crisis is fully resolved.
“This cost should be considered a roll-out expense by the CBN to incentivise the envisaged shift to alternative transaction channels; for both the financial services consuming public and those in charge of implementing the scale-up programme.
The former Lagos State governor further asked the CBN to mobilise all Money Deposit Banks and payment platforms to show clear commitment and timelines on expanding their infrastructure and support services.
Former Governor of Kaduna State, Nasir El-Rufai, has denied rumours of his defection from the ruling All Progressives Congress (APC) to the opposition Peoples Democratic Party (PDP).
The former governor addressed the claims as baseless, describing them as the handiwork of mischief makers.
According to a close aide, El-Rufai, a key figure in Nigerian politics, could not have switched political allegiance without making an official announcement.
Reacting to the rumours on Sunday via his verified X account, formerly known as Twitter, El-Rufai urged the public to disregard the “patent lies” circulating about his political affiliation.
He revealed that legal action would be taken against those propagating the false claims.
“Please disregard the patent lies and rumours about my political affiliation. I have referred the lead peddlers of the fake news for further action by my lawyers,” El-Rufai stated.
The Federal House of Representatives member representing Akinyele/Lagelu Federal Constituency of Oyo State, Hon. Akinmoyede Olafisoye, has brought smiles to the faces of his constituents by distributing empowerment items worth over ₦150 million to 1,000 beneficiaries.
The event, held on Sunday at the Faith Joe Events Centre, Alegongo, Ibadan, featured the distribution of 500 bags of rice, 308 bags of fertilizers, and 300 units of pesticides. The programme was facilitated in collaboration with the Federal Cooperative College, Orji River, Enugu State, as part of the lawmaker’s commitment to supporting his people.
Speaking at the event, the lawmaker expressed gratitude to his constituents for their unwavering support, prayers, and cooperation since he assumed office in 2023.
He noted that the empowerment initiative was a token of appreciation and a demonstration of his belief in human capital development as the foundation for societal growth and development.
“I have always prioritized life-changing projects and programmes for my people. This empowerment is just one of the many ways I strive to enhance the lives of my constituents. I assure you that I will continue to serve with dedication, ensuring impactful dividends of democracy that uplift your standard of living,” Olafisoye said.
In their remarks, Mr. Jimoh Musa Ajeigbe and Pa James Olorisade, popularly known as Olowe, praised the lawmaker for his exceptional performance. They described his achievements as unprecedented in the history of the constituency since 1999.
Among the beneficiaries of the empowerment items were Oladepo Modinat, Akande Ganiyat, Olakojo Sulaiman, Olapade Timileyin, Dasola Adeleke, and Oyelakin Bose, who expressed their gratitude for the support.
Prominent leaders who graced the occasion included Hon. Joshua Oyebamiji (Atiku), Hon. Olusegun Olaleye (Radical Brother), Hon. D.A. Lawal, Hon. Ope Salami, Hon. Biodun Oladeji, Hon. Femi Akintunde, and several others.
The political landscape in Oyo North Senatorial District has taken a new turn as Professor Adeolu Akande, former Chairman of the Nigerian Communications Commission (NCC), has declared his intention to vie for the All Progressives Congress (APC) ticket.
Professor Akande, a seasoned Political Scientist and Lawyer, reportedly embarked on a whirlwind consultation tour across the senatorial district over the weekend, formally signaling his ambition to succeed Senator Abdul Fatai Buhari.
This comes after Senator Buhari’s twelve-year tenure representing the district, primarily dominated by the Ogbomosho zone.
According to the information scooped from Oyoinsight, Akande is set to face stiff competition for the APC ticket. Among his challengers are Hon. Tajudeen Were, a serving member of the House of Representatives representing Saki West/Saki East/Atisbo Local Government, and Mrs. Hannah Ogunesan, a former Head of Service in Oyo State. Both hail from Saki West Local Government, intensifying the contest within the Oke Ogun region.
Meanwhile, uncertainty looms over the political plans of Senator Buhari. While speculations suggest he might pursue a fourth term in the Senate, there is also talk of his potential interest in the Oyo State governorship race. Having served as a Special Adviser and Commissioner under Senator Abiola Ajimobi’s administration, Buhari has been a consistent figure in the Red Chamber since 2015.
Professor Akande’s declaration adds a new dimension to the APC’s internal dynamics in Oyo North. The senatorial district, which includes influential figures such as former Minister of Communications, Alhaji Adebayo Shittu, and former Deputy Governor of Oyo State, Engr. Rauf Olaniyan is now a hotspot for political maneuvering.
While Shittu has been vocal about his governorship ambitions, advocating for an Oke Ogun indigene to lead the state, Akande’s entry into the senatorial race is expected to further galvanize political activity in the district ahead of the APC primaries.
The unfolding events set the stage for a fiercely contested race that will shape the political future of Oyo North and possibly influence the trajectory of Oyo State politics.
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