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Just in: President Replaces Six Ministers Over Corruption Probe
Six Peruvian cabinet ministers resigned Monday in a reshuffle that came amid a probe of how President Dina Boluarte obtained Rolex watches she has been seen wearing.
With Peru feasting on a scandal dubbed Rolexgate, Interior Minister Victor Torres was the first to step down, two days after police under his command raided and searched the home and office of the president.
Tension as deadly terrorists group, ISIS Ambush Nigerien Soldiers, Capture, Destroy Sophisticated Weapons donated by USA Five other ministers resigned hours later.
They held the posts of women’s issues, education, rural development, production, and foreign trade.
The government did not explain the resignations but they came two days before the new prime minister, Gustavo Adrianzen, and his cabinet were to go before congress to be sworn in, in a vote planned a month ago.
On Monday night, Boluarte swore in six new ministers to replace the ones who left. Torres said after a cabinet meeting that he was stepping down for personal reasons.
He has also taken a lot of heat in congress over a sharp increase in street crime.
Torres said he coordinated his departure with Boluarte. “I am leaving because I asked the lady and she accepted,” Torres told reporters.
Peruvian politics is a turbulent world — the country has had six different presidents in the last eight years.
The latest drama erupted in mid-March when a news program revealed that Boluarte, who has a rock bottom approval rating, owns several expensive Rolex timepieces and it is not clear how she acquired them. She makes about $55,000 a year.
She is now the target of a corruption probe to determine if she has enriched herself illegally since taking power in December 2022 and for failing to report the watches as part of her assets. Advertisements Boluarte is scheduled to give a formal statement to investigators on Friday and has been instructed to present any Rolex watches in her possession when she goes to that meeting. None were found in the dramatic raids carried out Friday night into Saturday.
Boluarte came to power in December 2022 after then president Pedro Castillo tried to dissolve Congress and rule by decree, leading to his arrest and violent protests demanding she step down, and that fresh elections be held.
She is also facing a constitutional complaint over a crackdown on those protests which led to the deaths of more than 50 people.
If she is indicted in the Rolex case, a trial could not take place until after her term ends in July 2026 or she is impeached, according to the constitution.
Congress potentially could seek her dismissal on grounds of “moral incapacity,” but that would require the unlikely cooperation of the right-leaning groups that control the legislature — and are Boluarte’s main support — with their left-wing rivals.
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Just in :INEC announces date for Anambra governorship election
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.”
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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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