₦airaland Forum

IDENNAA:
Now, he is so pained all the prominent Igbos online have ignored him like he doesn't even exist. The only people cheering him on are Tinubu supporters who obviously hate Ndigbo and few Hausa people. He is a frustrated little pri.ck

Honestly, I so much like the silent treatment being given to him like he doesn't even exist

IDENNAA:
He is insulting Ndigbo to win Ndi Yoruba love....😂😂
Reno is a coward

This is somebody that called Tinubu a KNOWN DRUG LORD

akpumping7720:
So what happened to Calabar that used to be the former capital territory before Lagos?

So lagos state began to witness development from 1999 when Tinubu became the governor

Let me ask you one question, can you in all honesty compare Jakande with Tinubu in terms developmental strides in Lagos state

akpumping7720:
Compare the development of your state to that of Lagos. Since your state governor doesn't steal. Afofungbemu

What are we comparing

A former federal capital Territory up until 1991

Validated:
Ize-Iyamu will soon become the Atiku of Edo State and the customer-dada ni

He has contested for the Edo state governorship seat both in PDP and APC

Maybe he should try his luck in LP

LegendHero:
Yes PDAPC and a faction of LP.

So technically it is PDAPCLP.

Truly, Tinubu is a master strategist as you usually describe him

Abagworo:
All these illiterates like Reno need to stop writing in ignorance. Igbos had Kings on town levels even before the origin of England. The White man's understanding of Kingship was imperialist not clannish. Benin was an ethnic group with one King just like Itsekiri but the Igbos , Urhobos, Ijaws, Ibibios, Yorubas, Esans and other tribes had no central King but leaders of Hamlets known as Obi, Eze, Igwe, etc . During expansion of Benin from a Kingdom to Empire many of those other tribes were either forced or voluntarily accepted sovereignty of the Oba over them and started paying tributes to Benin but it wasn't for long before the Benin Empire weakened and the Oba lost his relevance in areas outside Benin proper .


Igboland is diverse from clan to clan, town to town and village to village unlike the tiny Itsekiri where he comes from. Ngwa alone is bigger than Itsekiri and same size as Benin ethnic group. Igbos believe in "live and let live" so nobody forced other people to speak their dialect or pay tribute to his tribe as King of all Igbos. Onitsha was just King of Onitsha, Aboh was just King of Aboh, Agbor was just King of Agbor, Abiriba was just King of Abiriba, Aro was just King of Aro, Nri was just King of Nri etc. Aro King never lorded over Ohafia and Abam despite thembeing involved in business together. Finally the Igbos raided by Benin,Ijaw and Itsekiri were the Delta State Igbos not Southeast. They had more Yoruba sold to slavery than Igbos but Reno in his illiteracy was trying to restrict Igboland to Onitsha while also stupidly saying his ancestors sold Igbos. The Southeast slave trade was done by the Aros in connivance with the Ohafias and Abams who are all Igbo tribes. The so called Ijaws in Rivers State are a blend of Aros, Abams, Ohafias, Ijaw tribes and their assimilated Isoama Igbo that ended up not being sold into slavery .

Reno Omokri just dey use all these Bulabans them head dey drink garri.

LegendHero:
Which of the PDP is this one?

The one headed by President Bola Tinubu or another one?

Are you saying that PDAPC is headed by Tinubu

Paramount01:
From where till when?

Googu eet

The Peoples Democratic Party, PDP, on Thursday, insisted that the 26 Rivers House of Assembly lawmakers who dumped the party for the All Progressives Congress, APC, were no longer members of the state legislature.

The PDP National Legal Adviser, Adeyemi Ajibade (SAN), said this to newsmen shortly after Justice Donatus Okorowo of a Federal High Court, Abuja, adjourned the embattled Rivers lawmakers’ suit until January 24, 2024.


Ajibade said though President Bola Tinubu might have intervened in the dispute between Governor Siminalayi Fubara and the FCT Minister, Nyesom Wike, the party stood on what the constitution says about defection.


He said: “PDP as a party; we are standing on the side of the constitution of the country. It is not about issues of an agreement but by the Constitution, we all sworn to uphold.

“The governor himself swore to uphold the constitution likewise the President.

“I am not against the president calling for the resolution of the matter. He is the chief security officer of this country and he has every right to intervene in the issue.

“But besides that, we, as a political party; the PDP owns those seats and certainly we are interested in those seats.

“Whatever the governor is doing in this matter, no resolution has been brought to Wadata Plaza on this matter.

“However, as a political party, we cannot leave the seats and the votes willingly given to the party by people of Rivers State.”

According to the senior lawyer, aside from that, the constitution of the country is very clear; Section 109 (1g) is clear as to issues of detection.


He said the affected Rivers lawmakers had not denied that they defected.

“Even if you pick the writ of summon that was filed before this court, they said they actually defected.

“So they are only stating while they defected; that they have the right to defect based on the reasons given by them.

“So it is not an issue as to whether there was a defection or not. And we cannot fold our hands. So we have to go to recover our seats,” he said.

Ajibade, who said they had challenged the jurisdiction of the court to hear the suit, said if the court ruled that it had jurisdiction, PDP would appeal it.


“If at the end of the day, this court decided to maintain and insists that it has jurisdiction, then we will do the needful.

“We will study the ruling and if possible, we have a higher court,” he said.

On what transpired in court, he said though the case was adjourned for hearing of interlocutory injunction as the PDP filed an objection that the court had no jurisdiction to entertain the matter

He said though he opposed the plaintiffs’ application for the extension of the ex-parte order earlier granted by the court on December 15, it was unfortunate that other defendants who were supposed to take sides with them did not oppose it, and the court granted the request.

Why we are in court — Lawmakers

Also speaking, Mr Steve Adehi, SAN, lawyer to the 26 lawmakers (plaintiffs), said though they were in court with the hope of taking their interlocutory injunction, an issue regarding a change of counsel occurred.


He said the matter was adjourned to enable parties to put their house in order.

He said the court, however, made an order extending the lifespan of the interim order pending the hearing of the motion on notice scheduled to come up on January 24.

When asked why the suit was not withdrawn by his clients based on the resolution entered into by Fubara and Wike, Adehi said: “We have just informed the court today that the counsel (Mr. Lukman Fagbemi, SAN) that withdrew said he had instruction to withdraw from the matter because it is being settled.

“The other counsel, who came in today, requested for an adjournment to confirm that position with their client.

“So I think we are not averse to settlement. Like the parties said, they just want to confirm the position from their various clients which is what all of us have said.


“If we confirm that information, we see how we can move forward.

“But then, the 2nd defendant (PDP) in the matter, by his conduct, has not shown any indication that there is going to be any settlement.

“The more reason why this adjournment was really necessary so that all the parties can go and confirm from their clients the position of the settlement initiative,” he said.

Interim order

Justice Okorowo had extended the December 15 interim order stopping the Independent National Electoral Commission, INEC, and PDP from taking any action against the 26 lawmakers pending the hearing and determination of the motion on notice.

The judge extended the order following an application by counsel for the embattled lawmakers, Adehi and supported by Njemanze, who appeared for the assembly.


Although PDP’s lawyer, Ajibade, opposed the application, Okorowo agreed that based on Order 26, Rule 10 of the FHC, the court had the discretionary power to grant the plea in the interest of justice.

The judge had, on December 15, granted the ex-parte motion filed by the 26 lawmakers who dumped PDP for APC.

The court restrained INEC from conducting fresh elections to fill the seats of the 26 assembly members.

It also restrained INEC, PDP and the House of Assembly from declaring their seats vacant and withdrawing their respective Certificate of Returns pending the hearing and determination of the substantive suit.

The Rivers lawmakers sued INEC, PDP, the assembly, clerk of the assembly, Inspector-General of Police and Department of State Services, DSS, as first to sixth defendants, respectively.

https://www.vanguardngr.com/2023/12/pdp-insists-on-declaring-26-defected-rivers-lawmakers-seats-vacant/amp/

Paramount01:
He stills and Lagos still look better than any state you want to mentioned in the country

Lagos was the Federal capital Territory up until 1991

EmperorCaesar:
U had to go off topic to post something not related to the original thread


U could not counter him with facts, stats, history or records

U wanna troll but couldnt even do that logically

I was responding to the Monika I quoted

Peacemaker5128:
They will not read the message but attacking the messager

I hope you didn't attack him when he referred to Tinubu as a KNOWN DRUG LORD

Flier:
At home! They need to establish the case before prosecuting him.

At home right

Good

Let's end this discussion please

Flier:
Did you go to school at all? A central bank governor use proxi to buy 2 huge banks and you are saying nonsense.Do you know how much involve ?

Where's the central bank governor at the moment

Goodnewsforlife:
was he convicted?

Yes or no?

Forfeiture can happen when u aren’t guilty of the crime, same thing happened to obi Cubana n I believe u saw him at efcc office

It was stated clearly that proceed of crime was paid into his account n he was interrogated n never jailed

I ask u again

Was tinubu convicted or u want to tell me u don’t know d difference between conviction n forfeiture?

I can understand that you are actually not interested in seeking the truth but to engage in internet brickbats

Since you want to know difference between Conviction and forfeiture, the Google can help you out

Have a wonderful day

Goodnewsforlife:
oya now

Was tinubu convicted for drug dealing?

Please educate me

Tinubu is on record to have forfeited over $460,000 of drug proceeds to the US government

If he did made that money legitimately, would he have allowed the US government to confiscated such amount of money

This CBN investigator or whatever he is called is on a wild goose chase

This is just a distraction from the obvious calamity the Tinubu government have turned out to become

Goodnewsforlife:
Was tinubu ever convicted of dealing with cocaine?

It’s obvious u lots don’t even know what d case was all about but we have to ignore u headless mobs cos u have to trend

Are you for real

Paramount01:
With the way he is still this Lagos money and Lagos is still like this, your governor that did not steal nko, how did their state look like? You will cry till eternity, Tinubu continue the stealing let Lagos continue the lead.

He stole so much. Every Christmas, Lagosians line up at his burdillon mansion to collect crumbs

After governing for eight years, the only blueprint Tinubu built was a conduit pipe from the coffers of Lagos state Treasury to his personal company Alpha Beta milking the entire common wealth of Lagosians

Financial experts and seasoned economists have sued for caution in the way and manner the Special investigation report on the Central Bank of Nigeria (CBN) is being handled to forestall the possibility of eroding public confidence in the institution.


The leaked report raises serious allegations against various officials within the CBN, including the former central governor, Godwin Emefiele who is currently facing charges of fraud from the Economic and Financial Crimes Commission (EFCC). The deputy governors of the central bank who served under him were also accused.

The report also alleged a maze of cobwebs woven around acquisition of the Union Bank of Nigeria, Keystone and Polaris Banks by former CBN governor, Godwin Emefiele.

Experts have suggested that the controversy surrounding these allegations could have a significant impact on both the CBN and the commercial banks, particularly concerning customer confidence and market perception.


They argued that the banks could face reputational challenges as the controversy continues to attract public and media attention.

Former Economist and Head, Investors Relation at the United Bank for Africa, Abiola Rasaq said the CBN is an important sensitive institution not just to the stability of the financial system but also to the overall economy. “It is on this premise that there is need for diligence and care in dealing with issues relating to such institutions of relevance.

He said: “Whilst most people, if not everyone, would acknowledge the need to correct some errors of the previous CBN leadership, including but notified to the need to understand the contravention and governance issues that undermined the independence and effectiveness of the institution over the past 9 years, it is perhaps more important to do so in a way that does not further destroys the integrity of the system.

“I think the investigation may have become sensational and it would be important to focus on substance over form, in ensuring that all facts relevant for effective policy making and corrective measures are taken.”

Professor Michael Obadan, member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) in his reaction said: “It’s unfortunate that the reports of the Special Investigator have been leaked to the media even before the President of the Federal Republic considers them.

“It is unprofessional and against public service practice, which normally relies on government White Paper on such reports to make government decisions known. I do not know what the objectives of the leakage are.

“But unhealthy media reactions and war have ensued. In normal economies, such actions, which constitute shocks, would jolt the financial sector, in particular, the capital markets. Stock prices tend to be affected.”

He however argued that the Nigerian economy is characterised by imperfect markets. Shocks do not have much impact on such markets. “And so, I will not be surprised if activities in the financial sector are insensitive to the Special Investigator’s report and the subsequent reactions.”

Professor of capital Market, Uche Uwalake submits that the financial system is highly fragile and information sensitive. This is why every effort must be made by the Special Investigator to be discrete in his assignment till the job is completed and the report submitted to the president.

Uwalake said: “The more the scandalous allegations become public knowledge at this stage, the higher the chances of contagion in the banking industry as depositors make panic withdrawals, which could trigger a run on the affected banks in question namely Union Bank, Titan Trust and Keystone.

“This must be borne in mind, especially now that the banks are having challenges mobilising deposits due to confidence-erosion in the system stemming from the failed currency redesign exercise, which in part is responsible for the present cash crunch situation.

“The CBN has responded promptly by assuring members of the public that their deposits in the banks are safe. However, going forward, it is important that the Special Investigator is made aware of the consequences of premature release of his reports to the press so he can put in place adequate measures to prevent unauthorised disclosures.”

Dr Uju Ogubunka, Former President, Bank Customers Association of Nigeria (BCAN) suggests that an independent/neutral third party, perhaps, needs to be chosen from among professionals -accountants and bankers – can be appointed to verify and authenticate the issues of concern and interest.

In a swift reaction to the speculations that have already enveloped the air, the Ag. Director, Corporate Communications, Mrs. Hakama Sidi-Ali in a release stated that Nigerian banks remain safe and sound, urging the public to continue their regular activities without being alarmed by reports that have not emanated from the CBN about the health status of Nigerian banks.

She noted that the CBN is fully equipped to carry out its statutory duty of upholding a stable financial system in Nigeria.

“We assure the general public and depositors about the safety of their funds in Nigerian financial institutions. Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern,” She added.


https://dailytrust.com/mishandling-of-cbn-investigation-report-can-create-distrust-panic-experts/