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Ekiti election: Tinubu warns Fayemi, Olusola, others ahead of poll

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Bola Tinubu, a National Leader of the All Progressives Congress, APC, has urged all candidates and stakeholders involved in the Saturday’s governorship election in Ekiti State to shun violence and mischief that could jeopardize the successful conduct of the election.

Tinubu harped on the need for stakeholders to be committed to a peaceful and transparent election on Saturday so as to uphold the nation’s democracy.

In a statement he signed, the former Lagos State Governor urged political leaders and other leaders of thought to speak to their subjects and followers on the need to be peaceful, orderly and respectful of other party adherents at the polls.

He warned followers of various parties against wrongful thinking, urging them to think aright and only commit themselves to a free, fair and transparent election.

The statement reads, “For the utmost benefit of the people of Ekiti, this election must be a peaceful event, free and fair and devoid of any hint of violence or intimidation.

“The anxiety expressed in some quarters and even by some concerned traditional rulers and leaders in Ekiti about the imminent poll has come to my attention.

“I particularly note the call for a peaceful and transparent poll by the consultative body of eminent elders and leaders in Ekiti, Igbimo Ure Ekiti (IUE).

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“Given the high respect we all must have for the place and the wise counsel of our traditional rulers and other notable leaders, it would be remiss of us to ignore their words.

“Thus, those of us who have influence within any of the contending political parties or within the society, in general, must also lend their voice to the call for peace and calm.

“Let the will of the people prevail. In a democratic setting, there can be no greater justice or victory than this. I urge the electorate in Ekiti to exercise their civic responsibility by voting without fear or trepidation. Be vigilant but orderly and respectful of all others even the partisans of the other parties.

“We must allow the Independent National Electoral Commission (INEC) discharge its responsibility fairly and objectively with nothing to hide and with transparency in all its doings. Above all, this is the time for the candidates to show their true love of the people.

“These candidates say they want to lead the people to a better place. Well, let them begin now by leading their followers away from any hint of violence or mischief. Let the candidates clearly and publicly declare that they condone no misbehaviour and that they will respect the free and democratic will of the people come what may.

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“This is the essence of leadership-putting the welfare of the people above your own-. Let he who wishes to be the next governor begin now by eschewing violence and disorder.

“In the end, an election is a contest of competing personalities and ideas regarding the progress of the state, not the destruction of it. Thus, the election is not a conflict of arms or a call for war. It is a matter of determining, among the candidates, whose ideas are best for the state. This cannot be done by wrongful fighting.

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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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