2023: Economists Set Agenda For Presidential Candidates At Channels Forum

Managing Director of Financial Derivatives Company Limited, Bismarck Rewane; and economy experts Biodun Adedipe and Paul Alaje.
Managing Director of Financial Derivatives Company Limited, Bismarck Rewane; and economy experts Biodun Adedipe and Paul Alaje.

 

As campaigns officially begin ahead of the 2023 general elections, economic wizards have set agenda for the 16 presidential candidates who are jostling to take up Aso Rock’s top job after President Muhammadu Buhari whose two terms of eight years will end by May 29, 2023.

According to them, the candidates must focus on providing business-friendly policies, new economic direction, debt rescheduling, address currency crisis, stem inflation, ensure privatisation of state enterprises and open market economy to reduce unemployment

The economists spoke during Channels Forum, a special programme by Channels Television to celebrate Nigeria’s 62nd Anniversary Day Celebration.

They include the Managing Director of Financial Derivatives Company Limited, Bismarck Rewane; as well as economy experts Biodun Adedipe and Paul Alaje.

Rewane said politicians are compromised and lacked sincerity to address Nigeria’s economic woes, noting that the currency instability in the country today is as a result of a crisis of confidence

“Involuntary change in Nigeria has been more effective than voluntary change. Nigerians do things when they have to do it not when want to do it. We are at a point where we can no longer continue the way it is. Your debt problem, your multi-dimensional problem, your lack of opportunity, the growing irrelevance of OPEC and the obsolescence of oil and the fact that the main oil production has become the fringe, the fringe has become the main. In order words, oil theft is more than oil production,” he said.

On the way forward, Rewane said Nigeria’s next president must liberalise exchange rate. “You’ve got to accept that the exchange rate has to be liberalised because in any case, anything is being priced today from tomatoes to yam to oranges is being priced with the exchange rate in mind. 76% of the inflation rate in Nigeria, causative factor comes from the exchange rate,” he said.

“You have to reschedule your debt profile to invest in total factor and labour productivity,” the economist noted whilst he knocked Nigerian Government officials who went to the United Nations General Assembly in New York last month. According to him, government officials are not sincere in their call for debt cancellation due to their ostentatious lifestyles.

On his part, Alaje agreed with Rewane that Nigerians have lost faith in the economy due to insincere leadership.

“When you lose faith in something, you don’t put your mind to it and it shows in where you spend your money. Nigerian economy is struggling today because we really don’t believe in it,’ he noted.

The economist said at the moment, $40bn is being used to import both education and health in contrast to what was obtainable in the days of old where the University Teaching Hospital attracted foreign patients.

“Nigeria is being battered on two sides, one on inflation, over 20% which means your N1,000 last year is now automatically less than N800. The second one which is even worse is exchange rate.

“The man coming must be able to explain in clear terms, what he is going to do with exchange rate, subsidy, these are topic that politicians don’t want to touch but you must discuss it,” Alaje said.

Also, Adedipe said, “One critical thing that I will expect the frontline contenders for that office to start with is a vision for the economy.”

According to him, the economic vision of Nigeria must transcend four years and be about how to transform the economy in the next 10 years beyond the tenure of a single President.

“That vision must be compelling enough for Nigerians to also understand it; which means is not about casting the vision but also communicating it well so we know where you are going.

“That will look at what kind of economy we want. Is it going to be export-led growth we are going to? Or are we look inward? Or we are looking at unemployment? What creative approach do you want to introduce? It is not enough to say in the next 10 years you are going to create jobs and whatever but specifics; how would that be done? In such a way that is measurable for periodic scorecards,” Adedipe said.

Ukraine Forces Entering Key Town In Russia-Annexed Region

Ukraine's President Volodymyr Zelensky attends a joint press conference with his Polish counterpart in Kyiv on August 23, 2022, amid Russia's military invasion launched on Ukraine. (Photo by Dimitar DILKOFF / AFP)
In this file photo, Ukraine’s President Volodymyr Zelensky attends a joint press conference with his Polish counterpart in Kyiv on August 23, 2022, amid Russia’s military invasion launched on Ukraine. (Photo by Dimitar DILKOFF / AFP)

 

Ukraine said Saturday its forces were entering the key eastern town of Lyman, located in one of the four Ukrainian regions that Russia annexed despite international condemnation.

The recapture of Lyman — which Moscow’s forces pummelled for weeks to control this spring — would mark the first Ukrainian military victory in territory that the Kremlin has claimed as its own and has vowed to defend by all possible means.

Ukraine’s defence ministry announced its forces were “entering” Lyman in the eastern Donetsk region after Kyiv’s army said it had “encircled” several thousand Russian troops near the town.

The ministry posted a video of soldiers holding up a yellow and blue Ukrainian flag near a sign with the town’s name.

Shortly after Ukraine’s announcement, Russia’s defence ministry said it had “withdrawn” troops from Lyman “to more favourable lines”.

Chechen leader Ramzan Kadyrov said Russia should consider using low-yield nuclear weapons after Moscow’s troops were forced out of a Lyman.

“In my personal opinion, more drastic measures should be taken, up to the declaration of martial law in the border areas and use of low-yield nuclear weapons,” Kadyrov said on his Telegram channel.

Kadyrov is in charge of Russia’s Muslim-majority Chechnya Republic which he governs with an iron fist.

The developments came a day after Russian President Vladimir Putin staged a grand ceremony in the Kremlin to celebrate the annexations of four Ukrainian territories.

“I want to say this to the Kyiv regime and its masters in the West: People living in Lugansk, Donetsk, Kherson and Zaporizhzhia are becoming our citizens forever,” Putin said.

US President Joe Biden condemned Friday’s ceremony in Moscow as a “sham routine” and pledged to continue backing Kyiv.

The four annexed territories create a crucial land corridor between Russia and the Crimean Peninsula, annexed by Moscow in 2014.

Together, the five regions make up around 20 percent of Ukraine, where Kyiv in recent weeks has been clawing back territory.

Civilians gunned down

On Saturday, Ukrainian officials accused Russia of killing 24 civilians, including 13 children, in an attack on a road convoy near a recently recaptured town in the eastern Kharkiv region.

Ukrainian troops on Friday had shown AFP reporters a group of vehicles riddled with bullet holes and several corpses in civilian clothes, a short distance east of the recently recaptured town of Kupiansk.

A Ukrainian official said the death toll of a Russian attack on a separate civilian convoy near the city of Zaporizhzhia on Friday had risen to 30 civilians and one police officer killed.

Kyiv also called for the immediate release of the chief of the Moscow-held Zaporizhzhia nuclear power plant, condemning his “illegal detention” by the Russians.

Ihor Murashov was leaving the plant Friday when he was detained and “driven in an unknown direction” while blindfolded, Ukraine’s nuclear agency Energoatom said.

Zaporizhzhia — Europe’s largest nuclear energy facility — has been at the centre of tensions in recent weeks after Moscow and Kyiv accused each other of strikes on and near the plant, raising fears of an atomic disaster.

‘Illegitimate’ annexation

Following Friday’s annexation, Washington announced “severe” new sanctions against Russian officials and the defence industry, and said G7 allies support imposing “costs” on any nation that backs the annexation.

Ukrainian President Volodymyr Zelensky urged the US-led military alliance NATO to grant his country fast-track membership.

He also vowed never to hold talks with Russia as long as Putin was in power.

NATO chief Jens Stoltenberg slammed the annexation as “illegal and illegitimate” but remained non-committal after Ukraine said it was applying to join the Western alliance.

Turkey said Saturday Russia’s annexation was a “grave violation of the established principles of international law”.

Despite warnings from Putin prior to the annexation that he could use nuclear weapons to defend the captured territories, Ukraine’s Foreign Minister Dmytro Kuleba said Kyiv would “continue liberating our land and our people”.

Kuleba also said Ukraine brought the annexations to the International Court of Justice and urged the Hague-based court to hear the case “as soon as possible”.

US National Security Advisor Jake Sullivan said Friday that Washington would announce an “immediate” new weapons shipment for Kyiv next week.

Sullivan also said that, while there is a “risk” of Putin using nuclear weapons, there was no indication he would do so imminently.

AFP

How To Tackle Nigeria’s Crude Oil Theft – Experts Speak At Channels Forum

Security Management and Intelligence Expert, Kabiru Adamu; Army Peace Keeping, Maj-Gen Anthony Atolagbe; and Security Risk Consultant, Tanwa Ashiru.
Security Management and Intelligence Expert, Kabiru Adamu; Army Peace Keeping, Maj-Gen Anthony Atolagbe; and Security Risk Consultant, Tanwa Ashiru.

 

Security experts have said that Nigeria’s crude oil theft would become a thing of the past when the government stamp out official complicity and bunkering, ensure transparency and accountability.

The security experts spoke during Channels Forum, a special programme to celebrate Nigeria’s 62nd Anniversary Day Celebration.

They include former Director, Army Peace Keeping, Maj-Gen Anthony Atolagbe; Security Management and Intelligence Expert, Kabiru Adamu; and Security Risk Consultant, Tanwa Ashiru.

Adamu opined that security agencies tasked with the onus of protecting Nigeria’s maritime border must be held responsible for the grand larceny of Nigeria’s resources.

“We need to hold the security department in that region that has the responsibility accountable,” he said referring to the southern part of Nigeria where crude oil theft has become ubiquitous in the creeks dotting the region, especially in the oil-rich Niger-Delta area in the South-South geopolitical zone.

“It is unfathomable for me to wake up and see that we have given that responsibility to a private individual,” Adamu said, condemning a pipeline protection contract award by the Federal Government to a company that a former leader of the Movement for the Emancipation of Niger Delta, Government Ekpemupolo, popularly known as Tompolo, has interest in.

Continuing, Adamu said, “This matter is of such significance to our national existence, to our economy and yet we are allowing it continue. Frankly, it is ridiculous, the quantity we are discussing are not quantities you put in a drum or even in a tanker; we are talking of quantities that are moved at such levels that it is embarrassing for me as a Nigerian to discuss with the international community.”

Also, Atolagbe described crude oil theft as a socio-political problem caused by factors including price variation. “What is happening now is that first the aspect has been brought to light. Then, it means something urgent needs to be done about it…Now that it has come to the knowledge of everybody that things of this nature is going on, I am sure government is going to do something.”

About 108,000 barrels of crude are reportedly stolen daily in Nigeria. The Organisation of Petroleum Exporting Countries which Nigeria is a member estimates that the country lost 2.3 million barrels in July 2022 alone and 28 million barrels in total from January to July this year. The regulator said Nigeria lost $1 billion to crude theft in first quarter of 2022.

Atolagbe therefore advised the Federal Government to visit a report by the Nigeria Extractive Industries Transparency Initiative which outlined some steps to end the economic and environmental menace of crude oil theft.

“There is a NEITI report sometimes before this government came in which spelt out how to end COT (crude oil theft). Perhaps if something can be done, if they can lay hands on this kind of document. They wrote about how each litre that is coming out of this country is accounted for. If we can key into some of these areas, we may not be able to stop everything in an absolute manner but perhaps to some reasonable extent we will get some good results on the steps that have been taken,” he said.

On her part, Ashiru told a story of how illegal miners in a part of Nigeria paid state actors N500,000 each as protect fee to protect them whilst they engage in the criminal act.

“I can take this exact scenario and plug in the Niger Delta, in the areas that have illegal bunkering. If you are flying an helicopter, with aerial access, there is no way you can miss where this illegal bunkering is taking place.”

Until we check official complicity, we are going to have issues with our resources, she submitted.

Russia Suspends Gas To Italy After ‘Problem’ In Austria

In this file photo, Russian President Vladimir Putin chairs a meeting on the situation in the oil and gas sector at the Novo-Ogaryovo state residence outside Moscow, on April 14, 2022. Mikhail Klimentyev / Sputnik / AFP

 

Russia’s Gazprom has suspended gas deliveries to Italy’s Eni, blaming a transport problem in Austria, the Italian energy giant said on Saturday.

“Gazprom told us that it was not able to confirm the delivery of the volumes demanded for today, citing the impossibility of gas transport through Austria,” Eni said in a statement.

As a result, “Russian gas flows to Eni via the Tarvisio entry point will be naught”, it said.

Most of Russian gas delivered to Italy passes via Ukraine through the Trans Austria Gas Pipeline (TAG), to Tarvisio in northern Italy on the border with Austria.

Gazprom later in the day said in a statement that the transportation of Russian gas through Austria had been suspended “due to the refusal of the Austrian operator to confirm the transport nominations”.

“The reason is related to the regulatory changes that took place in Austria at the end of September,” it added.

“Gazprom is working on solving the problem together with Italian buyers.”

In Austria, regulatory authority E-Control said the new rules, which entered into force on Saturday, had been “known to all market actors for months”.

It said it expected “all to conform and take the necessary measures to fulfil their obligations”.

The problems were linked to “contractual details” linked to the transit of gas towards Italy, it said on Twitter.

Before the war in Ukraine, Italy imported 95 percent of the gas it consumes — about 45 percent of which came from Russia.

Outgoing Prime Minister Mario Draghi has signed new deals with other gas producers to reduce Italy’s reliance on Russia, lowered to 25 percent as of June, while accelerating a shift towards renewable energies.

Top Analysts, Experts Speak At Channels TV Independence Day Special

 

 

 

FIRST CLASS: Emmanuel Iren Is Leading A Generation To Faith

Emmanuel Iren is the Lead Pastor at Celebration Church International.
Emmanuel Iren is the Lead Pastor at Celebration Church International.

Starting a Church wasn’t on the agenda for Emmanuel Iren as a fresh undergraduate. But now he leads Celebration Church International, a fast-growing Christian ministry and commands a large, youthful following on social media. He is passionate about music, nation-building and social issues, but he is always quick to emphasise that his mandate is divine.


First Class is a column about extraordinary Nigerians aged 35 years and below. It collects their thoughts on what it takes to thrive as a young person in Nigeria. 

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SE: What was growing up like for you?

EI: Growing up was amazingly memorable for me. For example, It’s odd that I remember details from my fifth birthday. What day of the week it was (Sunday), what I wore, who came to my party, what they did (one toddler called Kufre tried to dip his hands into my cake. He wore a blue native that day) and so on. You may not be wrong to attribute that to the fact that I have a  photographic memory. But overall, my childhood was memorable because my family made it so. We didn’t have everything, but my parents always made sure they gave us their best. That went a long way to shape my worldview.

My parents instilled the values of respect and hard work in me. I learnt how to treat all people with honour from them. My mum, in particular, is one of the most gentle souls you’d ever meet. At the same time very intelligent and calculated. What a combination. It’s such a privilege that I see those attributes reflected in my life.

My Dad was always so driven. From the little things, like constantly rearranging the couch, to big things like working hard at work, I learnt to give things my best watching him.

What prompted you to start a church? 

I began my ministry as a Christian fellowship at my university. We were just a group of young people who loved the Lord. I hosted a few fellowship meetings in and outside the four walls of our school. I also wrote and distributed a monthly devotional booklet, Triumph 30 which has metamorphosed into an interdenominational mobile phone devotional application.

I honestly didn’t know at first, that I was going to Pastor a Church. That was not the plan. So I was intrigued when I began to feel God lead me in that direction.

Also, as we faithfully carried out our duties as a fellowship, God kept responding to our faithfulness and sincerity by explaining our capacity to do even more.

What do you see as the role of the church in Nigeria? 

I’d respond to this question in descending order of priority. The role of the Church in Nigeria, is first and foremost the role of any Church anywhere, which is to raise disciples of the Lord Jesus Christ. Every other agenda may be nice and noble, but simply isn’t the actual reason the Church exists. Bear in mind that the Church is not the government, and it is more than a welfare initiative. I understand that the pressing needs in the nation have made people consider anything that is not nation-building and/or welfare initiatives as unimportant. But as urgent as nation-building is, and as important as welfare initiatives are (especially for any true Church), the Bible ultimately teaches that even the most impressive civilization, nations and government structures will pass away with the world. After which every man will stand before God to give an account of his life. The ultimate goal of the Church, therefore, remains soul winning.

The second is moral influence. The Bible says “righteousness exalts a nation but sin is a reproach to all men”. We must therefore consider that faith doesn’t just have spiritual implications but nation-building implications. When a people become god fearing, and discharge their duties with a sense of accountability, that they will give an account before God, the nation will surely be better for it.

Third, corporate responsibility. I’m a strong proponent of the fact that God hasn’t just chosen us to be of heavenly citizenship but also of earthly benefit. I, therefore, believe that the Church should, as the Bible teaches, help people see that they also have national duties that must be recognized, and appropriated for the body of Christ. Politics is not a game of truth but of popularity and influence. Therefore, any Christian who cares about truth must participate to ensure we also have the numbers and the influence. Prayers need not stand in the way of civic duties and vice versa.

What are some of your most useful habits?

My most useful habits are prayer, reviewing books, studying the bible, voice training and exercise. All these habits are very important for my job as the Lead Pastor of Celebration Church and for my personal expression as a musician and author.

What’s the best advice you ever got?

The best advice I ever got was from a senior friend. I was asking him what he thought about a favour I needed from a top organisation. And I was anxious about if they were going to grant my request or not. And he just looked at me and said, what’s the worst that could happen? They are going to say no right? So his point was that it was definitely worth the trial. And as simple as that was, it was life-changing for me. There are a lot of audacious things I’ve done in life just because I knew the worst that could happen is someone saying no, and then I’ll try again.


First Class is a column about extraordinary Nigerians aged 35 years and below. It collects their thoughts on what it takes to thrive as a young person in Nigeria. 

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Gallagher Haunts Palace As Chelsea Boss Potter Seals First Win

Chelsea's English midfielder Conor Gallagher (3R) celebrates scoring his team's second goal during the English Premier League football match between Crystal Palace and Chelsea at Selhurst Park in south London on October 1, 2022. (Photo by Glyn KIRK / AFP)
Chelsea’s English midfielder Conor Gallagher (3R) celebrates scoring his team’s second goal during the English Premier League football match between Crystal Palace and Chelsea at Selhurst Park in south London on October 1, 2022. (Photo by Glyn KIRK / AFP)

 

Graham Potter earned his first win as Chelsea manager after Conor Gallagher returned to haunt Crystal Palace with the decisive goal in a 2-1 victory at Selhurst Park on Saturday.

Potter was taking charge of Chelsea for just the second time since replacing the sacked Thomas Tuchel in September.

The former Brighton boss had overseen a 1-1 draw with RB Salzburg in the Champions League and was seconds away from another frustrating result until England midfielder Gallagher rode to the rescue.

Odsonne Edouard had put Palace ahead early on before former Barcelona forward Pierre-Emerick Aubameyang equalised with his first goal for Chelsea late in the first half.

That set the stage for Gallagher to come off the bench and win it for Chelsea deep into stoppage-time, in the process breaking the hearts of the team he played for on loan for the whole of last season.

“It’s a very special moment to come on and get the winner. It was written in the stars. Everyone knows how much I loved it at Palace but I’m just buzzing to get my first goal,” Gallagher said of his maiden strike for Chelsea.

Relieved to get off the mark after a tricky test in south London, Potter said: “We’re delighted with the result. It’s a tough place to come. I thought we started quite well but conceded from the first action into the box.

“Credit to the boys, they recovered well and did not let their heads go down. It was nice to get an equaliser and get back in the game.

“There’s character, that’s for sure. They could’ve felt sorry for themselves after conceding the goal but the players stood up all the way through.

“There was a collective spirit among the players. We are delighted with the three points.”

Edouard met Jordan Ayew’s seventh-minute cross and lifted the ball past Chelsea keeper Kepa Arrizabalaga into the top corner.

Raheem Sterling was inches away from a quick equaliser when the Chelsea forward pounced on his own rebound and watched his second effort hit the post.

Palace were furious when Ayew looked through on goal, only to be stopped in his tracks by Thiago Silva, with the Chelsea defender escaping with just a booking.

Silva’s presence on the pitch proved vital moments later when Reece James found the Brazilian at the edge of the area and he nodded the pass in the direction of Aubameyang, who spun and fired past Vicente Guaita.

Palace nearly went back in front after half-time when Michael Olise battled his marker before picking out Wilfried Zaha, who could not beat Kepa with a powerful strike.

Gallagher was warmly received by Palace fans when he stepped on the pitch in the 76th minute.

But those friendly sentiments were quickly forgotten when he curled in the decider to spark jubilant celebrations among Potter and his backroom staff.

AFP

Thousands Rally For Peter Obi’s Labour Party In Lagos, Other States

 

Thousands of supporters for Labour party candidate Peter Obi rallied in Lagos and other cities on Saturday, in the first major campaign march for the 2023 presidential election.

Obi, a former state governor, is challenging the long dominance of ruling APC and main opposition PDP to succeed President Muhammadu Buhari in governing Africa’s most populous country.

People dance in support of candidate of Labour party Peter Obi during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)
People dance in support of candidate of Labour party Peter Obi during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)

 

Five months before the February 25 ballot, main candidates appear in a tight race with Nigeria’s faltering economy and rife insecurity among the top priorities for the winner.

With Afrobeats tunes blasting from trucks, and crowds chanting his name, Obi’s supporters packed into highway service lanes in several districts in Lagos, Nigeria’s economic capital.

Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. Dare Idowu/Channels Television
Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. Dare Idowu/Channels Television

 

“We are taking back our country,” said Chijioke Chuwunyere, a tech consultant who was marching in Lagos Surulere area. “This is a chance to right all the wrongs.”

A supporter wears national green and white colours to campaign for candidate of Labour Party Peter Obi during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)
A supporter wears national green and white colours to campaign for candidate of Labour Party Peter Obi during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)

 

Obi supporters also rallied near the Lekki tollgate, where peaceful #EndSARS protests demanding better governance and an end to police brutality were violently disrupted by security forces in October 2020.

Obi was not at the rallies, but supporters also marched in other cities across the country.

 

Obi’s supporters who call themselves “Obi-dients” say the 61-year-old former banking executive offers an alternative to the old-guard candidates put forward by the PDP and APC.

A supporter wears national green and white colours to campaign for candidate of Labour Party Peter Obi during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)
A supporter wears national green and white colours to campaign for candidate of Labour Party Peter Obi during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)

 

High inflation, lack of jobs and insecurity have left many younger Nigerians frustrated with politics and apathetic about change at the ballot box.

Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. Dare Idowu/Channels Television
Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. Dare Idowu/Channels Television

 

But earlier this year, electoral authorities say 70 percent of newly registered voters for 2023 are aged between 18-34.

Obi has gained a huge following on social media, but analysts question how much he can convert that into votes on election day.

Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)
Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)

 

The PDP governed Nigeria from the end of military rule in 1999 until 2015, when the APC defeated it to give Buhari his first term.

Nationwide, the Labour Party does not have the structure of the All Progressives Congress (APC) or Peoples Democratic Party (PDP), or any state governorships. But supporters say they have momentum.

Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. Dare Idowu/Channels Television
Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. Dare Idowu/Channels Television

 

“We want a man, a governor, a president who will hear the voice of the masses,” said therapist and Labour party organiser Felicity Okorocha at one of the Lagos rallies.

APC’s candidate Bola Ahmed Tinubu, a former governor dubbed “Godfather of Lagos” for his political influence touts his experience running the megalopolis as key.

Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)
Supporters of presidential candidate of the Labour Party Peter Obi and running mate Datti Baba-Ahmed march during a campaign rally in Lagos, on October 1, 2022. (Photo by PIUS UTOMI EKPEI / AFP)

 

Tinubu, 70, has been in London resting before the start of his campaign, according to an APC presidential campaign council member Ayo Oyalowo.

“He has five months to engage with Nigerians,” he said on Friday.

PDP’s Atiku Abubakar, a former vice president on his fifth run at the presidency, this week launched his campaign with a book event.

Abubakar, 75, says his government experience and business acumen can “rescue” Nigeria from APC’s mismanagement. But the PDP also faces a major split within its ranks with a powerful governor.

Court Nullifies Gov. Oyetola’s Nomination, Voids Buni’s Actions

A file photo of Osun State Governor, Adegboyega Oyetola.

 

The Federal High Court sitting in Abuja has nullified the nomination of Governor Isiaka Oyetola and his Deputy Governorship candidate, Benedict Alabi on the grounds that Governor Mai Mala Buni who submitted their names to INEC violated the provisions of Section 183 of the Constitution of the Federal Republic of Nigeria and Section 82(3) of the Electoral Act 2022.

On 7th April 2022, Mr Kehinde Ogunwumiju (SAN) had commenced a suit between the PDP v Governor Mai Mala Buni & 4 Ors. at the court challenging the nomination and sponsorship of Governor Isiaka Oyetola and his deputy as the duly nominated candidates of the All Progressives Congress (APC).

In challenging the competence of the suit, Mr Kunle Adegoke (SAN) who represented Governor Isiaka Oyetola contended, amongst other grounds that the Plaintiff did not have the locus to commence the action and that the suit was statute-barred.

In his opposing arguments, Ogunwumiju who led Muyiwa Atoyebi SAN and Ademola Abimbola submitted that the Plaintiff rightly commenced the suit under Section 285(14) (c) of the Constitution of the Federal Republic of Nigeria 1999 (as amended).

In his judgment, Justice Emeka Nwite agreed with the submissions of the Plaintiff’s counsel and declared as null and void, the nomination of Governor Isiaka Oyetola and Benedict Alabi by the APC.

The court also held that Governor Mai Mala Buni acted in contravention of the provision of Section 183 of the Constitution when he held dual executive positions as the Governor of Yo e State and the Chairman of the National Caretaker Committee of APC.

The court held that the steps or decisions taken by Governor Mai Mala Buni, including forwarding the names of Governor Isiaka Oyetola and Benedict Alabi to INEC, amounted to a nullity in law.

Counsel to Gov Oyetola, Adegoke says the verdict will be tested on appeal.

Military Officers Announce Removal Of Burkina Junta Leader

Burkina Faso soldiers are seen deployed in Ouagadougou on September 30, 2022. (Photo by Olympia DE MAISMONT / AFP)
Burkina Faso soldiers are seen deployed in Ouagadougou on September 30, 2022. (Photo by Olympia DE MAISMONT / AFP)

 

Military officers announced the removal from office of Burkina Faso’s junta leader on Friday.

The dismissal of Lieutenant-Colonel Paul-Henri Sandaogo Damiba, who came to power in a coup last January, was announced in a statement read out on national television.

The rebelling military also announced the closure of borders from midnight, as well as the suspension of the constitution and the dissolution of the government.

No Political Party Is Allowed To Receive Funds From Abroad – INEC

 

The Independent National Electoral Commission (INEC) on Friday said political parties in Nigeria are not allowed to receive funds from foreign countries.

Speaking on Channels Television’s Politics Today, INEC National Commissioner, Festus Okoye, said parties are also not allowed to receive funds anonymously.

The provision may affect parties such as the Labour party who have looked to Nigerians in the diaspora to fund part of their campaigns.

“Section 225 of the Nigerian constitution makes it clear that no registered political party in Nigeria shall possess any funds outside the country,” Mr Okoye said.

 

“In other words, a political party cannot open an account and have monies remitted into that particular account outside the Federal Republic of Nigeria.

“Secondly it makes it clear that no political party shall under any circumstance retain any funds remitted to it outside the country.

“And if such funds are remitted to the political party from outside the country, that particular political party has a constitutional and legal obligation to turn in such funds to INEC within a period of 21 days from the date of receipt of such funds.”

October 1: President Buhari To Address Nation On Saturday

In this file picture, President Muhammadu Buhari is seen addressing some APC senators during a meeting held at the Council Chamber of the Presidential Villa in Abuja on June 28, 2022.

 

President Muhammadu Buhari will address the nation in a telecast on Saturday, the presidency said Friday.

Saturday is October 1, Nigeria’s 62nd Independence Anniversary.

“As part of activities commemorating the 62nd Independence Anniversary of the country, President Muhammadu Buhari will address the nation on Saturday, October 1, 2022 at 7 am,” a statement signed by presidential spokesperson Femi Adesina said.

“Television, radio stations and other electronic media outlets are enjoined to hook up to the network services of the Nigerian Television Authority and Radio Nigeria for the broadcast.”

 

Channels Television will stream the President’s speech live. Watch on DSTV:420 | Sky UK: 518 | Live Stream: www.channelstv.com/live