Connect with us

latest

Obasanjo’s Stance On Partisan Politics: A Shift In Allegiance

Published

on

Obasanjo’s Stance On Partisan Politics: A Shift In AllegianceFormer Nigerian President, Chief Olusegun Obasanjo, has made a significant declaration regarding his political affiliations, emphasizing his departure from partisan politics and clarifying his relationship with the Peoples Democratic Party (PDP).....KINDLY READ THE FULL STORY HERE▶

Speaking during the commissioning of the VIP lodge at the Osun State government house in Osogbo, Obasanjo reiterated that the PDP is now his former party, signaling his disengagement from active participation in party politics.

While commending Governor Ademola Adeleke for his efforts in fostering unity within the PDP and its members in Osun State, Obasanjo stressed the importance of cohesion within the party for the collective benefit of the state and the nation.

Acknowledging Adeleke’s initiative in convening party leaders for deliberations, Obasanjo underscored the significance of inclusivity in governance, urging for the involvement of all stakeholders in decision-making processes.

In a gesture of support and encouragement, Obasanjo highlighted the positive strides taken by Adeleke’s administration, affirming his belief in the governor’s commitment to driving progress and development in Osun State.

Emphasizing the need for unity and collaboration among political stakeholders, Obasanjo urged for a concerted effort towards building consensus and fostering a conducive environment for governance and development.

While refraining from active involvement in party politics, Obasanjo’s endorsement of inclusive governance and unity underscores his continued commitment to national cohesion and progress, transcending partisan divides for the collective good of the nation.

 

Published  by Caleb Alfred

latest

Sanusi Strikes Back: Outrage Erupts Over El-Rufai’s ‘Impossible’ Bail Conditions

Published

on

.....KINDLY READ THE FULL STORY HERE▶

The Emir of Kano, Sanusi Lamido Sanusi, has publicly criticized the stringent bail conditions imposed on former Kaduna State Governor, Nasir El-Rufai. El-Rufai is currently detained by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) following a nine-count charge of fraud and abuse of office filed on April 13. According to Sanusi, authorities have mandated that a serving emir and a high-ranking government official must act as sureties for his release—a requirement he described as excessive.

Beyond the specific case of El-Rufai, the former CBN Governor expressed deep concern over the state of Northern Nigeria. He lamented the erosion of the region’s cultural identity and patience, noting that while poverty has historically challenged the North, residents previously maintained a sense of dignity and influence. Sanusi concluded that the North has lost its former standing in national politics, with its leaders no longer enjoying the widespread acceptance they once commanded.

In a recent address to the press, the Emir of Kano, Sanusi Lamido Sanusi, voiced his disapproval regarding the legal hurdles currently facing former Kaduna Governor Nasir El-Rufai. El-Rufai, who is being held by the ICPC on charges of financial misconduct, has been granted bail conditions that include the requirement of an emir and a senior government official as sureties—a demand Sanusi termed unnecessarily difficult.

During the same engagement, the former Central Bank Governor reflected on the broader decline of the Northern region. He argued that the North is suffering from more than just economic hardship; it is undergoing a cultural crisis. Sanusi suggested that the region has lost its traditional sense of resilience and dignity, lamenting that Northerners have allowed their political influence to wane to the point where they are no longer seen as natural leaders for the nation.

  • Criticism of Bail: Sanusi characterized the demand for an emir and a senior government official to sign for El-Rufai’s bail as an overly burdensome requirement.

  • Legal Status: El-Rufai remains in ICPC custody following his arraignment for alleged financial crimes during his tenure as governor.

  • Cultural Critique: Sanusi argued that the North’s primary struggle is not merely poverty, but the erosion of its traditional values and cultural identity.

  • Loss of Influence: The Emir observed that Northern leaders have lost the national political capital and public acceptance they formerly enjoyed.

Continue Reading

latest

The ₦1,359 Threshold: What Today’s Dollar Rate Means For Your Wallet.

Published

on

As of Wednesday, June 17, 2026, the dollar continues to trade at a premium on the parallel market (often referred to as the Aboki FX market). According to data gathered from Bureau De Change (BDC) operators in Lagos, the rates for the U.S. dollar are as follows:....KINDLY READ THE FULL STORY HERE▶

Transaction Type Exchange Rate (NGN)
Selling Rate ₦1,401
Buying Rate ₦1,392

Official CBN Market Snapshot

In contrast to the parallel market figures, the Central Bank of Nigeria (CBN) reports the official window rates for the same period:

Rate Category Exchange Rate (NGN)
Highest Rate ₦1,361
Lowest Rate ₦1,357

Important Regulatory Notice: Please be aware that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The regulatory body maintains its stance that all individuals seeking to conduct foreign exchange transactions should utilize authorized banking channels.

Market Note: Exchange rates are highly dynamic and can fluctuate significantly throughout the day based on location, transaction volume, and individual dealer discretion. The figures provided here serve as a guide and may differ from the rates encountered at specific trading points.

Are you planning to include a brief analysis of how these rates compare to last week’s figures in your upcoming report?

Continue Reading

latest

THE CASE IS CLOSED: APP Deregistration Battle Finally Settled By Supreme Court!.

Published

on

The Supreme Court has effectively ended the legal dispute regarding the potential deregistration of the Action Peoples Party (APP), confirming its status as a legally registered political entity. A five-member panel of the Supreme Court, presided over by Justice John Inyang Okoro, dismissed Appeal No. SC/CV/248/2026 on May 12, 2026, after the appellant, Mr. Blessing Elujiuba, chose to formally withdraw the case.....KINDLY READ THE FULL STORY HERE▶

This ruling leaves the previous decisions of the Federal High Court and the Court of Appeal, both of which favored the APP, final and binding. The initial legal challenge aimed to force the Independent National Electoral Commission (INEC) to deregister the party, alleging it did not meet the requirements set out in Section 225A of the 1999 Constitution.

The Court of Appeal in Owerri had previously dismissed these claims, with the court noting that the APP provided valid evidence of its electoral success, such as winning a councillorship seat in Jigawa State and victories in local government elections in Rivers State. The appellate judges also supported the interpretation that Section 225A should be read disjunctively, meaning a party only needs to meet one of the stipulated conditions to remain registered.

With this definitive ruling from the Supreme Court, the legal threats against the party’s leadership and its ability to participate in the 2027 general elections have been resolved in the party’s favor.

Continue Reading

Trending

Copyright © 2023 NIVONEWS