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Atiku reacts to Buhari-led APC govt’s plan to arraign CJN Onnoghen on Monday

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The presidential candidate of the People’s Democratic Party (PDP), Atiku Abubakar has warned President Muhammadu Buhari and the governing All Progressives Congress (APC) not to throw Nigeria into an avoidable crisis over their desperation to sack the Chief Justice of Nigeria (CJN), Justice Walter Samuel Nkanu Onnoghen.

CJN Onnoghen will be arraigned on Monday by the federal government.

In a statement issued on Saturday by Atiku’s Special Assistant on Public Communication, Mr. Phrank Shaibu, the PDP candidate said the principle of separation of powers remains sacrosanct in a democracy irrespective of what President Buhari is being told by his advisers or the buttons they are pressing to forcefully remove the CJN.

Atiku said the plot to sack Justice Onnoghen is a preemptive move against the bench in the face of imminent defeat and knowing the role that the judiciary plays in the final outcome of elections.

“We have just been made aware of the plot by President Muhammadu Buhari the All Progressives Congress (APC) to sack Justice Walter Samuel Nkanu Onnoghen using flimsy assets declaration issues as a pretext. We are aware that there are plans to arraign Justice Onnoghen before the Justice Danladi Yakubu Umar led- Code of Conduct Tribunal on Monday, January, 14, 2019. The charge against Onnoghen, we understand has already been filed and served on him last Friday at his official residence in Abuja preparatory to his appearance at the Tribunal.

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”But we warn that despite the clandestine meetings in the highest echelon of the APC and also involving some top officials of the federal government which include the Code of Conduct Tribunal, neither Buhari nor the APC can re-write the Nigerian Constitution just because of its impending defeat at the February 16, presidential election. Heavens did not fall when PDP lost to the APC in 2015. And heavens will not fall now that the APC is sure to lose to the PDP, seeing that the APC’s plan to rig in the forthcoming elections will not pull through,” the statement said.

Atiku added that Nigerians were aware that the linchpin of the plot, Mr. Dennis Aghanya, the Executive Secretary of the Anti-Corruption and Research Based Data Initiative (ARDI), the author of the purported petition seeking Onnoghen’s removal,was the National Publicity Secretary of President Buhari’s defunct political party, the Congress for Progressive Change (CPC).

The PDP candidate warned however that if Buhari and the APC succeed in the current plot, it then should be ready for an epic battle, the end of which no one can predict, and the consequences of which can only be imagined.

”We have the strength of character, the courage and the conviction to mount a sustained campaign in defence of justice, and in defence of separation of powers as enshrined in the constitution, which is the ground norm of our democracy ,” Atiku warned.

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Atiku asserted that even if the allegations against Onnoghen are true, the Code of Conduct Bureau (CCB) was wrong to have referred the petition to the Code of Conduct Tribunal (CCT).

He said the Code of Conduct Bureau, according to Section 3 (e) of the third schedule (part 1) of the 1999 constitution, “shall receive complaints about the non-compliance with or breach of the provisions of the Code of Conduct or any law in relation thereto, investigate the complaint and, where appropriate, refer such matter to the Code of Conduct Tribunal (CCT).”

Atiku argued that since judicial officers are disciplined by the National Judicial Council (NJC), the CCB was wrong to have referred the matter to the CCT even if the allegations have been found to have any substance.

“The proper procedure would have been for the petition to be referred to the JSC of which Onnoghen is the Chairman, but he would have to excuse himself from the process. If found guilty, he could be asked to vacate his office as CJN, in addition to other punishments,” Atiku argued.

He further stated that Buhari’s desperation was to get Onnoghen out of the way and appoint an acting CJN whom he views as pliant and who will be made to superintend over election petitions in case his well-laid out rigging plan fails.

Atiku called on Nigerians to resist the current move to silence the judiciary, saying Nigeria’s democracy and not the judiciary is on trial.

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“Buhari and his APC led government should not emasculate the judiciary as they tried to do the National Assembly and was resisted by the President of the Senate, Abubakar Bukola Saraki. This is a brazen day light assault on the judiciary because he (Buhari wants) a pliable acting Chief Justice of Nigeria (CJN) to sit on his election petition because he has seen the signal that he will lose the February 16 presidential election,” Atiku said.

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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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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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