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Emefiele Left Economy In Terrible Mess, We Don’t Know What To Charge Him With – Akpabio Laments
The Senate President, Godswill Akpabio, says the current administration led by President Bola Tinubu met the Nigerian economy in a mess which he claimed was caused by policies carried out by former governor of the Central Bank, Godwin Emefiele.
The Senate President spoke during a thanksgiving service by Senator Barinada Mpigi in Koroma, Tai Local Government Area of Rivers State on Sunday.
“So, the kind of debt and economic mess that we are in, a lot of people will not understand but I remember President Obama saying that you cannot know Washington until you get to Washington.
“So, by the time we went in to look at the economic situation of the country, it was terrible. You know that the former governor of the central bank, we did not even know what to charge him with. Whether to charge him for putting foam on top of the bill or to charge him for illegal possession of firearm or to charge him for printing notes without income, I don’t know what we are going to charge him with.
“But what we can is that yes there is hunger today because of the policies and actions that they took, and we recognise that, and I think every political party should recognise that there is hunger, and we are battling to ensure that Nigerians sleep with their eyes closed,” Akpabio said.
Assuring that the government is making efforts to end insecurity and ensure that Nigerians feed well, the former Akwa Ibom State governor appealed to Nigerian to be patient as the rot over 60 years cannot be solved in six months.
“Yes, there is insecurity, we are battling to ensure that Nigerians can take three square meals a day. But be rest assured that we campaigned for this job, we campaigned around the country, we will not let you down, we will get to the bottom of it, all we need is your patience.
“That rots that have happened in Nigeria for so many years for almost 60 years cannot be solved in six months,” he said.
Following his removal as the CBN governor by President Bola Tinubu in June 2023, Emefiele is being prosecuted by the Federal Government over charges bordering on financial crimes.
On January 18, the Federal Government amended the criminal charges files against the former CBN governor.
They increased the charges from six counts to 20 counts. In the amendment, Emefiele was charged for alleged criminal breach of trust, forgery, conspiracy to commit forgery, procurement fraud and conspiracy to commit a felony.
By Kayode Sanni-Arewa
The Independent National Electoral Commission (INEC) has fixed the date for the Anambra governorship election.
Addressing representatives of political parties at the INEC headquarters in Abuja on Thursday, October 17, INEC national chairman, Prof Mahmood Yakubu said the election will be held on Saturday 8th November 2025.
Hear him: “As you are aware, the last governorship election in Anambra State was held on 6th November 2021. By the effluxion of time, the governorship election is due next year.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
“In the coming weeks, the Commission will provide details of other electoral activities, including the registration of new voters, transfer of voters and the replacement of lost or damaged PVCs.
“The detailed Timetable and Schedule of Activities for the 2025 Anambra State Governorship election will be uploaded to our website and social media platforms before the end of this meeting.”
News
Despite heavy hunger, World Bank Tells Nigerians Not To Oppose, Reverse Tinubu’s Economic Reforms
By Kayode Sanni-Arewa
Despite hunger, World Bank has urged Nigerians to support the ongoing economic reforms, warning that opposing or reversing them could have serious negative consequences for the country.
Speaking at the launch of the Nigeria Development Update (NDU) report in Abuja, the World Bank Country Director for Nigeria, Dr. Ndiame Diop, emphasized that while the reforms may be challenging, they are crucial for the nation’s long-term stability.
Dr. Diop cautioned that rolling back these reforms would be detrimental, saying, “Reversing the reforms would spell doom for Nigeria.”
In the same vein, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reiterated the importance of staying committed to the reforms. He stated, “Any effort that is not sustained will be a waste. Together with the Governor of the Central Bank of Nigeria and the Minister of Budget and National Planning, we’ve been discussing how to stay on course.”
Edun further explained that the government’s focus is on reducing inflation while ensuring investments flow into critical sectors such as industry, where jobs can be created. “We are prioritizing market pricing and sat down with labor unions to explain why we cannot afford to let this opportunity slip.”
On the removal of subsidies, Edun noted, “Every day without subsidies means more funds available for education, healthcare, and other essential expenditures.”
Also speaking, Central Bank Governor Mr. Olayemi Cardoso highlighted the importance of promoting exports in light of the exchange rate adjustments. “The moderation in the FX rate should make our goods more competitive for export and discourage the importation of unnecessary goods,” he said
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