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HoR Assures Public on Heritage Bank License Revocation

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The House of Representatives is aware of the recent revocation of the license of Heritage Bank (under liquidation) by the Central Bank of Nigeria (CBN) and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the liquidators, in accordance with the provisions of the Banks and Other Financial Institutions Act (BOFIA).

We assure the public, particularly depositors and stakeholders of Heritage Bank, that the House is committed to carrying out its constitutional oversight functions to ensure that this development does not negatively impact Nigerians. The relevant House Committees on Banking Regulations; and Insurance will be up to their duty, thoroughly examining the circumstances surrounding this decision and the subsequent steps taken by the NDIC.

Our priority is to safeguard the interests of all depositors and maintain the stability of the financial system. We will engage with the CBN, NDIC, and other relevant stakeholders to ensure a transparent and orderly resolution process, providing necessary support to mitigate any potential negative impact on the public.

Furthermore, we urge the CBN and NDIC to establish clear channels of communication to allay the fears of the public and prevent any loss of trust in our financial system. Effective public engagement is crucial to maintaining confidence during this period.

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Chairman of the House Committee on Banking Regulations, *Rep. Mohammed Bello El-Rufai*, stated, “The Committee on Banking Regulations will closely monitor the liquidation process to ensure that the rights of depositors are protected and that the process adheres to the highest standards of transparency and accountability.”

Similarly, the Chairman of the House Committee on Insurance and Actuarial Matters, *Rep. Ahmed Usman Jaha*, emphasised, “We will work diligently to oversee that the NDIC executes its mandate effectively, ensuring the protection of depositors’ funds and maintaining confidence in the financial sector. The NDIC Act and the Banks and Other Financial Institutions Act (BOFIA) are clear in their provisions that depositors’ funds are insured and protected.”

We urge all depositors and stakeholders to remain calm and be assured of our dedication to protecting their interests.

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Speed Darlington taunt Burna Boy about his grammy award (+Video)

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……. As Speed Darlington queries Afrobeats singer, Burna Boy over his Grammy win.

By Ojomah Austin.

 

Controversial Nigerian rapper, Speed Darlington has sparked controversy with his claims that Burna Boy’s Grammy Award win can be attributed to the influential role of American rapper and entrepreneur, P. Diddy.

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Amid allegations against US rapper, P.Diddy, resulting in his arrest, Speed Darlington suggested that Burna Boy had an intimate relationship with Diddy which paved the way for him to win the Grammy.

Speed Darlington’s bold and contentious assertion comes amidst recent allegations surrounding Diddy, who was reportedly arrested by the Federal Bureau of Investigation (FBI) on charges of human trafficking and racketeering conspiracy.

In a provocative Instagram video, Speed Darlington credited Diddy for Burna Boy’s rapid ascent to international fame and Grammy success, highlighting the American rapper’s significant impact on Burna Boy’s music career.

Speed Darlington openly challenged Burna Boy to disclose the nature of his relationship with Diddy. Suggesting an amorous relationship between the duo, he blatantly asked Burna Boy to reveal how many bottles of oil Diddy used on his buttocks before he was able to win a Grammy.

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In his words:

“It wasn’t long after Burna Boy posted a photo of him and Diddy that he won a Grammy Award. Burna Boy, don’t be offended, but how many oils did Diddy use on your nyash before they gave you the Grammy Award?”.

In response to Speed Darlington’s video, One @oluchukwu_____ wrote: “Akpis confidence need to be studied 😂😂.”

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vibe_with_fiona wrote: “When burna comes for him,make una no say burna too do o?”

godson_allsom wrote: “If there is Grammy for comedians 😂 akpi for done win like 10.”

official_kahlan wrote: “Presido I don tire to defend you 😂 ga zu ike 🙄.”

asikosharon50 wrote: “Very anyhow talk, Burnaboy won Grammy for his hard work and talent . If na Diddy dey share Grammy why him own Artist for him label nor dey win the Grammy? Na him be say Tems dey and wizkid sef they nick people dem work with naa, useless talk …”

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jaytee_yna wrote: “I’m a big fan of Akpi but this is so irrelevant and irresponsible. Burna’s hardwork & God’s grace gave him the Grammy. Okbye!”

lorah_irez wrote: “If person never bèat akpi he no go rest, wetin be this na 😂😂😂.”

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JUST IN: Again, APC loses battle to disqualify PDP candidate, Ighodalo in Edo guber poll

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By Ojomah Austin.

 

The APC suit filed at the federal high court in Abuja seeking to oust Ighodalo from the gubernatorial race was dismissed on Friday evening by Justice Peter Lifu.

An eleventh-hour attempt by the All Progressives Congress, APC to get the governorship candidate of the Peoples Democratic Party (PDP) Asue Ighodalo disqualified from the Edo State Governorship election has been dismissed.

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The Judge agreed with Ighodalo’s lawyer, Chief Akinlolu Kehinde that the suit was frivolous, baseless, and unwarranted and was thrown out.

In his judgment in the suit, Justice Lifu rejected the prayer of the APC to use another judgment of the same court that had queried the validity of the primary election that produced Ighodalo to kick him out of the race.

In a suit marked THC/ABJ/CS/165/2024, Justice Inyang Ekwo had on July 4 held that PDP was wrong in excluding 378 delegates from its February 22 primary election that produced Ighodalo.

Although Justice Ekwo did not categorically declare the primary election invalid, the APC cashing in on Ekwo’s finding, filed a fresh suit to disqualify Ighodalo on the strength of the alleged unlawful exclusion.

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However, Justice Lifu upheld the submission of the senior lawyer that the federal high court cannot sit as an appellate court in its own judgment.

The Judge also agreed that APC was a busybody and meddlesome interloper by dabbing into the internal affairs of PDP.

Besides, Justice Lifu also upheld the argument of Kehinde SAN that the high court judgment being used to press for Ighodalo’s disqualification had since been voided and set aside by the Court of Appeal in Abuja.

The Judge subsequently dismissed the APC’s disqualification request on the ground that it lacked merit and substance.

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The APC had sued the Independent National Electoral Commission INEC, Asue Ighodalo and PDP as 1st to 3rd defendants respectively.

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Tight security in Benin as Edo governorship election draws near

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By Ojomah Austin.

 

A large number of officers from the Nigeria Police Force, the Nigerian Army, and the Nigeria Security and Civil Defence Corps (NSCDC) have been mobilized across the city, causing traffic congestion in several areas.

Security personnel were spotted at the Independent National Electoral Commission (INEC) office in Benin, securing strategic locations, with some awaiting further deployment to other parts of the state.

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This follows the recent deployment of 35,000 police officers to maintain law and order during the elections, With less than 48 hours to the Edo State governorship election.

The NSCDC also deployed 6,433 officers, while the Defence Headquarters has stationed soldiers to ensure a safe environment for voters.

In addition, authorities have implemented a “show of force” with security agents patrolling key areas.

In anticipation of the election, the Edo State Government declared Friday a work-free day to allow voters to travel to their polling units.

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Meanwhile, the Christian Association of Nigeria (CAN) held a prayer session in Benin, calling for peace and the election of a credible leader who will govern with integrity.

INEC has also commenced the distribution of sensitive electoral materials to all 18 local government areas, ensuring readiness for Saturday’s vote.

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