Connect with us

latest

CBN Act Grants President Authority To Remove Deputy Governors

Published

on

CBN Act Grants President Authority To Remove Deputy Governors....KINDLY READ THE FULL STORY HERE▶

In the midst of the unfolding developments regarding the resignation of Godwin Emefiele, the Governor of the Central Bank, recent scrutiny of the CBN Act has revealed that the President possesses the unilateral authority to remove deputy governors. The President’s power to dismiss the Central Bank Governor, on the other hand, requires a two-thirds majority approval from the Senate, a requirement that does not extend to deputy governors.

Read Also A Journey Of Purpose: Sharing My Chevening Story Of Impact And Hope

Section 11, subsection 2f of the CBN Act explicitly grants the President the authority to remove any deputy governor without the need for consultation with the National Assembly. In contrast, the Act stipulates that the removal of the Governor must be supported by a two-thirds majority vote in the Senate, placing the fate of deputy governors primarily in the hands of the President.

President Tinubu has recently announced a new set of nominees for deputy governors, including Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello. These nominees await ratification from the Senate and are intended to replace the outgoing deputy governors, namely Kingsley Obiora, Aishah Ahmad, Ade Shonubi, and Edward L. Adamu.

Government Assures Safety Of N20tn Pension Fund Amid Public Concerns 

Despite these presidential nominations, the current deputy governors have not tendered their resignations as of September 16th. Sources close to the deputy governors have indicated that no formal resignations have been submitted. According to these sources, some of the deputy governors’ tenures were recently extended by the National Assembly, and therefore, they are still legally in office, having neither been dismissed by the President nor the National Assembly.

The situation surrounding the deputy governors is further complicated by the National Assembly’s recent extension of the tenure of some of them. Last December, the Senate approved second five-year terms for Aisha Ahmad and Edward Adamu. Dr. Kingsley Obiora, who was appointed in March 2020, is in the fourth year of his term, while Ade Shonubi’s term is set to expire in October.

Legal experts have weighed in on this matter, highlighting that the CBN Act allows both the Governor and Deputy Governors of the Central Bank to submit their resignations at least three months in advance, in writing, to the President. The Act also empowers the President to appoint replacements to serve the remaining duration of the term. Notably, while Senate support is required for the removal of the CBN Governor, the same does not apply to the Deputy Governors, allowing the President to dismiss them without Senate approval.

Rivers APC Rift Worsens As Spokesperson Slams Fubara’s Registration.

In essence, the law stipulates that the President can remove a Deputy Governor without Senate involvement, but Senate approval is necessary to remove the Governor. The recent nominations for deputy governors are subject to confirmation by the Nigerian Senate, and the fate of the CBN Governor, Godwin Emefiele, remains uncertain, with reports suggesting his resignation and a three-month notice period if accurate.

In summary, the President has the authority to remove Deputy Governors of the Central Bank without Senate confirmation, while the removal of the Governor requires a two-thirds majority vote in the Senate. The recent nominations for these positions are awaiting Senate confirmation, and the situation regarding the current officeholders is complex, with legal and procedural considerations at play.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Advertisement

latest

“ADC Ex-Chairman Nwosu Speaks On Hotly Contested Presidential Ticket Zoning”.

Published

on

The founder and pioneer National Chairman of the African Democratic Congress (ADC), Ralph Nwosu, has said the party has not yet reached a final decision on zoning its presidential ticket ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

reports that Nwosu made this known in an interview with Punch, while responding to calls by former Vice President Atiku Abubakar for the North to produce the next president.

He explained that the ADC currently maintains an open structure regarding its presidential ticket, giving all regions equal opportunity to contest.

According to him, “In ADC, it is open.”

Nwosu noted that zoning had been a subject of discussion during coalition negotiations, with some Northern stakeholders arguing for fairness based on political rotation since 1999.

Protest Showdown: Activists Press On Despite Warnings Of Imminent Chaos

He said some young Northerners who visited him argued that since the return to democracy, power has been shared unevenly between the North and South, which influenced how he now views the debate.

He added that while he had not initially considered it from that angle, the argument reflects a political reality being discussed within the system.

On how the party intends to choose its presidential candidate, Nwosu said the ADC is considering two possible methods—consensus and direct primaries.

He explained that if stakeholders agree, a consensus arrangement would be adopted, but where disagreements arise, the party would proceed with direct primaries, and the winner would emerge as the flagbearer.

NLC Declares Disapproval Of Labour Party's National Chairman, Asserts Peter Obi's Freedom To Depart

Nwosu also disclosed that several prominent politicians have indicated willingness to support whoever emerges as the party’s candidate, regardless of outcome.

He mentioned figures such as Rotimi Amaechi, Atiku Abubakar, and Peter Obi as those who have reportedly made such commitments, adding that he expects Rabiu Kwankwaso to also take a similar stance.

He stressed that transparency remains central to the ADC’s internal processes, noting that this principle guided the party’s leadership structure and decision-making.

According to him, the leadership arrangement, including the role of David Mark, was supported because of the need for credible and transparent primaries within the party.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

latest

“2027: Kwankwaso Makes Double Appeal To Nigerians Ahead Of Elections”.

Published

on

Former presidential candidate of the New Nigeria Peoples Party (NNPP), Rabiu Kwankwaso, has called on Nigerians both within the country and in the diaspora to actively participate in the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

reports that Kwankwaso, a chieftain of the African Democratic Congress (ADC), made the appeal in a video posted on his official handle on Monday night.

The former Kano State governor urged citizens, particularly young people, to complete their voter registration with the Independent National Electoral Commission (INEC) ahead of the polls.

He also encouraged Nigerians to register with the African Democratic Congress (ADC), as the coalition party positions itself ahead of the 2027 elections.

Sunshine Rosman Reveals How Acting Healed Her After Father’s Death.

He said, “Fellow Nigerians, it is time for every eligible Nigerian young and old, in the cities and in the villages, at home and in the diaspora to take two decisive steps:

“Register to vote with the Independent National Electoral Commission (INEC) without delay.

“Register with the African Democratic Congress (ADC).”

Meanwhile, a factional leader within the ADC, Nafi’u Bala Gombe, has dismissed any engagement with Kwankwaso, claiming his past actions towards the North make such discussions meaningless.

Speaking in an interview with Premier Radio in Kano, Gombe accused Kwankwaso of failing to act in the best interest of Northern Nigeria when he had the opportunity.

Nigeria Backs Brazilian Candidate For Interpol Secretary General

He further alleged that Kwankwaso contributed to the region’s political setbacks, insisting he did not use his past positions to bring meaningful development.

Gombe said Kwankwaso once reached out with suggestions on solutions for the North, but he rejected the idea, accusing him of failing the region when it mattered most.

He also claimed that Kwankwaso’s participation in the last general election weakened the North’s political influence, especially with other major contenders in the race.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

latest

“Adasobo Festival Lights Up Kishi As Hunters Display Courage, Tradition And Unity”.

Published

on

The ancient town of Kishi in Irepo Local Government Area of Oyo State came alive on Monday as indigenes and visitors gathered to celebrate the centuries-old Adasobo Festival, a cultural event deeply tied to the identity and heritage of the people.....KINDLY READ THE FULL STORY HERE▶

The festival, which attracts sons and daughters of Kishi from across Nigeria and the diaspora, is marked by traditional rites, symbolic performances, and communal gatherings that reflect the town’s rich cultural history.

During a visit by our correspondent on April 20, 2026, key locations such as the palace of the Iba of Kishi and Ansarudeen School—situated near the town’s market and serving as major festival grounds—were filled with activity. Chiefs, elders, and residents all gathered in colourful traditional attire to observe the rituals and pay homage to the monarch.

Royal Presence And Cultural Celebration

The Iba of Kishi sat in state as traditional chiefs and subjects paid homage in line with long-established customs. The palace courtyard was filled with drumming, chants, and cultural performances that entertained the gathering.

Lagos Launches Aerial Surveillance Patrols To Boost Crime Fighting.

The monarch and his wife were seen enjoying the festivities while awaiting the return of hunters who had gone into the forest as part of the festival’s traditional rites.

Speaking on the significance of the event, the Laha of Kishi land, Dr Yusuf Adeleke Ibrahim, described the Adasobo Festival as a strong symbol of unity and identity for the people.

He explained that the hunters’ expedition into the forest and the presentation of their catch form a key part of the tradition, with rituals performed upon their return.

According to him, the festival is not only a celebration but also a reminder of ancestral roots and communal bonds.

Another traditional leader added that the festival helps younger generations reconnect with their heritage at a time when modern influences are gradually affecting cultural practices.

Hunters’ Return Highlights Festival

A major highlight of the celebration was the return of local hunters from the surrounding forests with animals they had successfully hunted. Their arrival was met with excitement as residents lined the streets to welcome them.

Protest Showdown: Activists Press On Despite Warnings Of Imminent Chaos

The display of the hunted game is symbolic, representing courage, skill, and the historical importance of hunting in the community’s way of life.

Beyond its cultural significance, the festival also boosted social and economic activities in the town, with traders, food vendors, and artisans recording increased patronage as visitors thronged the area.

Reunions, music, and celebrations filled the streets as families and friends came together for the occasion.

Grand Finale Ahead

Dr Ibrahim also announced that the grand finale of the Adasobo Festival will take place on Saturday, with dignitaries and neighbouring communities expected to attend.

Residents expressed anticipation for the closing ceremony, which is expected to feature more elaborate cultural displays and larger crowds.

For the people of Kishi, the Adasobo Festival remains more than a cultural event—it is a living tradition that preserves their history, celebrates their identity, and strengthens their unity.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

Trending

Copyright © 2023 NIVONEWS

×