News
Federal Character: Reps Direct FCT Federal High Court To Halt Recruitment Process
By Gloria Ikibah
The House of Representatives has directed the Chief Judge of the Federal High Court Abuja to immediately halt the recruitment process in the Court until there is compliance with the Federal Character principle and quota system.
This resolution was sequel to the adoption of a motion on the “Urgent Need to Re- examine the list of Proposed States to fill the 12 vacancies created to the disadvantage of others in the High Court of the Federal Capital Territory sponsored by Rep. Igariwey Iduma Enwo.
Debating the motion, the House
noted that the High Court is one of the Judicial bodies in the Federal Capital Territory Judiciary established by Section 255 of the constitution of the Federal Republic of Nigeria, 1999.
The lawmaker further noted that in the past few days, the media and the civil Society Community have expressed serious concerns and protestations over the proposed list of states to fill the 12 vacant positions in the High Courts of the Federal Capital Territory.
“Observes that information in the public space is to the effect that the proposed list is expected to be sent to the National Judicial Council by the 19th of February, 2024, for vetting by the NJC, and subsequently to the Senate for confirmation.
“Cognizant that under the High Court of the Federal Capital Territory, Abuja (Number of Judges) Act 2003, the principle of Federal character of Nigeria, shall be applied in the appointment of Judges of the Court; implying that the number of judges of the FCT High Court must always reflect the 36 states and the FCT.
“Concerned that whereas every state of the federation has judges from their respective states appointed in the FCT High Court system, 4 states, namely, Ebonyi, Abia, Imo and Bayelsa, do not have a single indigene from their states appointed and sitting in the FCT High Court system.
“Worried that Ebonyi State in particular is doubly discriminated against in that it has none of its judges appointed in the High Courts of the FCT, and yet was not listed as one of the states to apply for the vacant 12 positions sought to be filled.
“Further aware that according to the FCT website, at least 7 Magistrates from the four unrepresented states of Ebonyi, Abia, Imo and Bayelsa are currently qualified, and working in the FCT Court system as Magistrates, in addition to qualified private legal practitioners from these states who are willing and eager to apply to fill these vacant positions.
“Concerned that the non-representation of judges from 4 states in the High Court System of the FCT, when some others have as many as 3 judges representing them, is a gross violation of S14(3) of the 1999 constitution which requires staffing from the 36 states and the FCT.
“Cognizant of the fact that the underlying philosophy of the Federal Character Commission principle is to provide equality of access in public service representations, curb dominance by one or few sections of the country, promote inclusiveness and national unity. Violation of this principle of our constitution may not only be destabilising, but could open the flood gates to litigation”.
The House unanimously adopted the motion and mandated its Committees on FCT Judiciary and Judiciary to investigate the Federal Character approval granted to it and the extent of compliance thereto and report.
News
SEE Today’s Black Market Exchange Rate: Dollar (USD) To Naira (NGN) – January 5, 2025
By Kayode Sanni-Arewa
What is the Dollar to Naira Exchange Rate in the Black Market (Parallel Market)?
Here’s the latest information on the Dollar to Naira black market exchange rate for January 4, 2025. Check below for the rates at which you can exchange your dollars for Naira.
How Much is a Dollar to Naira Today in the Black Market?
Here’s the latest information on the Dollar to Naira black market exchange rate for January 4, 2025. Check below for the rates at which you can exchange your dollars for Naira.
How Much is a Dollar to Naira Today in the Black Market?
According to sources at the Bureau De Change (BDC), the exchange rate for a dollar to Naira at the Lagos Parallel Market (Black Market) is as follows:
Buying Rate: ₦1,665
Selling Rate: ₦1,670
Please note that the Central Bank of Nigeria (CBN) does not recognize the black market and advises individuals to approach their banks for foreign exchange transactions.
Dollar to Naira Black Market Rate Today:
Buying Rate: ₦1,665
Selling Rate: ₦1,670
Dollar to Naira CBN
Rate Today:
Highest Rate: ₦1,540
Lowest Rate: ₦1,531
Note: Actual rates may vary depending on the transaction and location.
News
Tax Reform Bills: Tinubu moves to gather Northern Support
President Bola Tinubu has initiated extensive outreach to northern elites and the political class in a bid to garner support for the passage of contentious tax reform bills currently under consideration by the National Assembly.
Overview of the Bills
The tax reform bills,introduced in October 2024, include:
The Nigeria Tax Bill 2024
The Nigeria Tax Administration Bill
The Nigeria Revenue Service (Establishment) Bill
The Joint Revenue Board (Establishment) Bill
These proposals aim to reform Nigeria’s tax administration and enhance revenue collection systems. However, they have faced significant resistance, particularly from northern governors who argue that the reforms could disproportionately affect their regions and hinder economic development.
Tinubu’s Strategy
Presidency insiders revealed that President Tinubu has employed a multifaceted approach to address concerns raised by stakeholders, particularly from the northern political elite. This includes private consultations, strategic dialogue, and discreet “back channel” negotiations.
A senior official, speaking to The Punch anonymously, noted, “The President has been engaging with northern elites both individually and in groups, even prior to the holiday season.”
Another source disclosed that Tinubu is leveraging alternative methods to address objections to the bills, stating, “He is using every available channel to ensure that the contentious aspects of the bills are clarified and resolved.”
Northern Governors Remain Opposed
Despite Tinubu’s outreach efforts, northern governors have maintained their opposition. They insist that the bills should be withdrawn to allow for broader consultation and revisions. The governors argue that the proposed reforms could:
Increase the tax burden on their states,
Stifle economic growth, and
Exacerbate financial hardship for citizens.
The federal government, however, has defended the reforms as necessary steps to:
Boost Revenue Generation: Diversify income streams and reduce reliance on oil.
Modernize Tax Administration: Streamline revenue collection for efficiency and transparency.
Public Reactions
The proposed reforms have sparked heated debates nationwide. While proponents argue that they are essential for Nigeria’s fiscal sustainability, critics contend that they could lead to increased taxation and worsen the economic struggles of ordinary Nigerians.
As the debate intensifies, President Tinubu’s ability to navigate these challenges and secure buy-in from critical stakeholders will significantly influence the bills’ passage and their broader implications for Nigeria’s economy.
News
Update on Warri Refinery as Marketers Set to Load Petrol Soon
Oil marketers have started loading Automotive Gas Oil (diesel), and Kerosene from the Warri Refining and Petrochemical Company.
Dealers confirmed this during the weekend, as they demanded Premium Motor Spirit (petrol) from the recently rehabilitated plant.
WRPC, under the management of the Nigerian National Petroleum Company Limited, came on stream on December 30, 2024, after the Group Chief Executive Officer of NNPCL, Mele Kyari, announced its resumption of operations during a tour of the facility.
Speaking with one of our correspondents on Friday at the refinery, the Chairman of the Delta State chapter of the Independent Petroleum Marketers Association of Nigeria, Harry Okenini, said though the plant was working, it was not at 100 per cent functionality.
He, however, pointed out that marketers had started lifting diesel and kerosene from the refinery.
“Right now, there is no production of petrol. So, we are not loading PMS. We hope to load PMS soon. We can confirm to you that the plant is working although not at 100 per cent. And IPMAN, Warri Depot Unit, is waiting for the production of PMS so that we can load.
“For now, only the Automotive Gas Oil, popularly called diesel, and Dual Purpose Kerosene are being produced and loaded out for consumption.
He, however, pointed out that marketers had started lifting diesel and kerosene from the refinery.
“Right now, there is no production of petrol. So, we are not loading PMS. We hope to load PMS soon. We can confirm to you that the plant is working although not at 100 per cent. And IPMAN, Warri Depot Unit, is waiting for the production of PMS so that we can load.
“For now, only the Automotive Gas Oil, popularly called diesel, and Dual Purpose Kerosene are being produced and loaded out for consumption.
“Hopefully, by February, we are expecting cooking gas, PMS, and other products to come out. As of now, the retail unit is only loading AGO and DPK,” he added.
Also speaking with our correspondents at the refinery, the National Chairman of the Surface Tank and Kerosene Peddlers, a branch of NUPENG, Israel Omokere, stated that the refinery was in operation.
He said, “Hopefully the PMS will come on board. We are loading kerosene and AGO for now.”
On his part, the Delta State Chairman of Surface Tank and Kerosene Peddlers branch of NUPENG, Kingsley Erituoyo, said, “For so many years the refinery was down, today the refinery is up.
Findings at the Warri refinery by our correspondents showed scanty movement of trucks in and out of the complex.
It was observed that skeletal activities were ongoing at the WRPC, compared with the heyday of the refinery when the company was working at full capacity.
Industry sources disclosed that there was more to be put in place by the Federal Government and the NNPCL for the refinery to commence full-scale production of PMS.
During the visit to the WRPC complex, it was also observed that the main entrance to the refinery looked almost as if nothing was going on.
Security operatives at the gate stopped journalists from taking photographs on the premises.
Sources inside the refinery said only one of three units of the refinery was functional and producing diesel, gas, and kerosene.
“For now, only one unit is working at the refinery. You know there are three units; but only one is in operation, producing diesel, gas, and kerosene.
The unit can’t give fuel for now. If the second unit starts working, it can produce PMS. It is the last unit to operate because it’s very big and complicated.
“If all units are working, we can load over 100 trucks daily, now it loaded about 50 trucks,” a source said.
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