Connect with us

News

Protests: Forces that cancelled my father’s election now after Tinubu – Abiola’s Son

Published

on

Jamiu Abiola, son of late Nigerian business mogul, Chief MKO Abiola, has said the forces that annulled the June 12 1993 election and denied his father the opportunity to become Nigeria’s president have descended on President Bola Ahmed Tinubu’s administration.

Abiola’s son, who currently serves as Special Assistant (SA) to the President on Special Duties, said those protesting against hardship and demanding improved lives, were emotional and have not sat down to reflect on Tinubu’s achievements.

Jamiu spoke during an interview on Channels Television’s coverage of the ongoing protest.

The protest is expected to last from August 1st – August 10, with some of the protesters saying they would not stop until the president accedes to their demands.

Advertisement

Abiola’s son said some Nigerians have not got used to the fact that God did not destine them to win the 2023 general election, hence trying to make things difficult for the government in power.

According to him, “There are some people who have sinister motives. The same people that worked against my dad and cancelled his election. Do you think they would want someone who was trying to support my dad to become president and succeed? It’s the same forces that we have now.

“Sometimes for things to get better, it has to get tough. It’s a test and it’s from God. You see, God is testing people and it’s not just in Nigeria. There’s the hand of God in everything.

“A lot of Nigerians are looking at this president like every other president because a lot of them have experienced broken promises in the past. So as far as they are concerned, anything that seems difficult is another broken promise.

Advertisement

“The president we have now is a different kind of president because he believes in democracy, he believes in and loves the common man. He needs to be given time. Those protesting are emotional and have not sat down to think of the president’s achievements since he assumed office.”

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

CBN announces revised documentation requirements for PAPSS transactions

Published

on

By

The Central Bank of Nigeria (CBN) has announced a revised documentation requirement for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria.

This was disclosed in a statement issued by the apex bank’s acting Director, Corporate Communications, Mrs. Hakama Sidi Ali

The CBN said the new initiative is part of its ongoing commitment to foster seamless intra-African trade, financial inclusion, and operational efficiency for Nigerians engaging in cross-border payments within Africa.

Launched by Afreximbank in partnership with the African Union and the African Continental Free Trade Area (AfCFTA) secretariat in January 2022, PAPSS serves as a centralized payment and settlement platform that enables instant, secure, and efficient cross-border transactions throughout Africa.

Advertisement

By facilitating payments in local currencies, PAPSS minimizes reliance on third-party currencies, reduces transaction costs, and supports the rapid expansion of trade under the AfCFTA.

In a recent circular referenced TED/FEM/PUB/FPC/001/006 issued on April 28, 2025, CBN outlined the key changes to the documentation requirements associated with PAPSS transactions.

The key changes it added take effect immediately and include simplified documentation for low-value transactions, which allows customers to now use basic KYC and AML documents provided to their authorized dealer banks for low-value transactions of up to $2,000 and $5,000 equivalent in naira for individuals and corporate bodies, respectively.

“For transactions above the thresholds, all documentation as stipulated in the CBN foreign exchange manual and related circulars remains mandatory,” the bank said.

Advertisement

Also, the CBN added that applicants are responsible for ensuring all regulatory documents are available to facilitate the clearance of goods, as required by relevant government agencies.

“Authorized dealer banks may now source foreign exchange for PAPSS settlements through the Nigerian foreign exchange market, without recourse to the CBN.

“All export proceeds repatriated via PAPSS shall be certified by the relevant processing banks.

“The Central Bank of Nigeria urges all banks to adopt PAPSS and commence originating transactions in line with this new policy.

Advertisement

“In addition, CBN encourages exporters, importers, and individuals to familiarize themselves with the new requirements and leverage PAPSS for cross-border transactions within Africa,” the statement said.

Continue Reading

News

Reps Set Stage for Nigeria’s First Legislative Conference on Renewable Energy

Published

on

By Gloria Ikibah

The House of Representatives is set to host the country’s first National Legislative Conference on Renewable Energy, aimed at driving new laws, attracting investment, and pushing Nigeria further along its energy transition journey.

This was revealed during a press briefing by the Chairman, House Committee on Renewable Energy, Rep. Afam Victor Ogene, who described the event as a turning point for energy legislation in Nigeria.

He said: “The conference aims at bringing together key stakeholders and industry players to discuss renewable energy legislations, energy transition, renewable energy financing, investment opportunities and related matters.

Advertisement

“It’s about developing a national legislative framework on renewable energy”.

The conference, which is being organised  by the House Committee on Renewable Energy in partnership with the Office of the Speaker of the House of Representatives, and the United Nations Development Programme (UNDP), will take place under the UNDP Parliamentary Development Program.

Rep. Ogene noted that recent legal reforms have created space for state governments to play a more active role in Nigeria’s power sector. He pointed to the Fifth Alteration Bill 2022 (No.33), now signed into law, which allows states to legislate on electricity matters within the national grid. Before now, states could only act on off-grid power.

In addition, he highlighted the Electricity Act of 2023, which came into effect in February 2024.

Advertisement

“It permits states to issue licenses for all electricity activities – generation, transmission and distribution across the entire power sector value chain,” he said.

The Committee Chairman further stated that the new National Integrated Electricity Policy, expected in 2025, will guide states in forming new electricity markets, where solar power and other renewable sources will be key to reaching underserved communities.

Ogene explained, “The conference has three clear objectives:

“To promote dialogue among legislators, experts and stakeholders on critical legislative priorities.

Advertisement

“To establish a coordinated platform for federal and state lawmakers, and to produce a clear, time-bound legislative action plan.

“International partners are also on board. The Inter-Parliamentary Union (IPU) will participate, and parliaments from South Africa, Ghana and Gambia have confirmed attendance. Ghana is sending a three-man delegation led by the Deputy Speaker, Rt. Hon. Alban Kingsford Bagbin”.

In another major highlight, the Netherlands-based platform INCLUDE will host a Pan-African Legislative Dialogue session on renewable energy, to be chaired by the Hon. Speaker, Rt. Hon. Abbas Tajudeen.

“The session will focus on how to establish a unified legislative framework on renewable energy development, investment and financing.

Advertisement

“The time has come for us to act. This is not just another conference – it is the foundation of Nigeria’s renewable energy future”, Ogene added.

Expected outcomes from the conference include new policy and legislative reform proposals to boost renewable energy use, as well as draft laws that will encourage public and private sector investment.

Other goals are to enhance collaboration between federal and state lawmakers, raise public awareness, and roll out a practical roadmap for implementation and progress tracking.

The event will also feature a technology showcase of renewable energy innovations and business opportunities.

Advertisement

 

Continue Reading

News

Alleged money laundering: EFCC produces Aisha Achimugu in court

Published

on

By

By Francesca Hangeior

The operatives of the Economic and Financial Crimes Commission (EFCC), on Wednesday, arrived at the Federal High Court in Abuja with the businesswoman, Aisha Achimugu, as ordered by the court.

Achimugu, who was sandwiched by two female EFCC officers, arrived in court at about 11:35 am.

It could be recalled that Justice Inyang Ekwo had, on Monday, ordered the industrialist, alleged to have fled the country, to honour the invitation by the anti-graft agency on Tuesday at noon.

Advertisement

Justice Ekwo, who gave the order in a short ruling, also ordered the EFCC, upon the appearance of Achimugu at its office, to return with her to court on Wednesday for a report.

Achimugu was, however, said to have been arrested by the EFCC’s operatives on her arrival abroad at about 5 am and kept in custody.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News