Politics
Naira Crisis: Tinubu, APC Govs meet, urge Buhari to allow old notes
In a last-ditch effort to resolve the lingering cash crisis that has thrown the entire country into turmoil, governors elected on the platform of the All Progressives Congress on Sunday met with the party leadership at the APC National Secretariat in Abuja.
This was as the chief executive officers of banks also met to proffer solutions to the situation which had led to attacks on banks and the death of no fewer than 13 persons across the country.
The development is coming barely six days before the presidential and National Assembly polls slated for Saturday, February 25, 2023
No fewer than 12 governors turned up for the crucial meeting with the APC National Chairman, Senator Abdullahi Adamu, and other National Working Committee members, which started at 2.37pm
At the meeting were governors Nasir El Rufai (Kaduna), Abdullahi Sule (Nasarawa), Muhammad Inuwa Yahaya (Gombe), Mai Mala Buni (Yobe), Abubakar Badaru (Jigawa) and Abubakar Sani Bello (Niger), Yahaya Bello (Kogi), Simon Lalong (Plateau), Biodun Oyebanji (Ekiti), Sani Bello (Niger), Atiku Bagudu (Kebbi), Babajide Sanwo-Olu (Lagos) and members of the National Working Committee of the party in attendance.
Governors Abdullahi Ganduje (Kano) and Dapo Abiodun (Ogun) were absent, while Imo and Katsina state governors were represented by their deputies.
The party’s presidential candidate, Asiwaju Bola Tinubu, later joined the meeting at 4.45pm.
Addressing journalists shortly before their closed-door session, Adamu expressed delight with the turnout, noting the imperative of the meeting.
He said, “It is my privilege to welcome you to this important and emergency meeting. We have found a situation where there is a pressing need to get together as standard bearers of our states in Nigeria who were elected on the platform of our great party, the APC.
“I am happy with the response so far. And it is my understanding that more of the governors are on their way. You will recall the recent development that has necessitated the need for this invitation.
“We do not want to sit in judgment over anybody or bodies with regard to what is going on today in the country as it affects our great party. I thought it best to get all those who are holding forth in the critical positions in the party to get together and have some interaction so that we can have a better interpretation and appreciation of the situation that we are in. That is the essence of this invitation.”
Contrary to an order of the Supreme Court that the Federal Government should suspend the February 10 deadline for swapping the old naira notes with new ones, the Central Bank of Nigeria refused to shift the deadline.
Three states
The apex court order followed a suit filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation, Abubakar Malami.
States including Lagos, Ondo, Ekiti, Kano, Sokoto, Ogun and Cross River have also joined the suit as co-plaintiffs.
The crisis between the governors and the President, Major General Muhammadu Buhari (retd.), worsened on Thursday when the President in his nationwide broadcast ignored the apex court by extending the validity of old N200 notes while insisting that old N500 and N1,000 remained illegal.
Buhari in his state broadcast said the old N200 note would be legal tender for the next 60 days, till April 10, 2023, while urging Nigerians to deposit their old N500 and 1000 notes with the Central Bank.
After the APC NWC and governors’ meeting which ended at 7.15pm, journalists were invited into the venue, where the chairman addressed them on the outcome of the parley.
Adamu lamented that although the naira redesign was a good move, the timing and the pain it had brought on Nigerians has necessitated the need for both the CBN Governor, Godwin Emefiele and the AGF, Abubakar Malami to avoid misleading the President.
He said, “I’m sure you are quite aware of the fact that a meeting comprising the APC governors was held today and the leadership of the NWC of our great party was summoned. We had a discussion and at the end of the discussion, we have resolved as follows: That this resolution is without prejudice or whatsoever to the case that is lying at the Supreme Court at this point in time. This has to do with the issue of currency redesign.
“We noted very seriously that the programme and its implementation are causing tremendous difficulties to the people of Nigeria and to the national economy. That we urge the Attorney General of the Federation and the Governor of the Central Bank of Nigeria to respect the supreme court order of interim injunction which is still subsisting
“That the meeting is urging his Excellency, Mr President, to intervene in resolving issues that are causing this great difficulties to the economy,”
When prodded to comment on the need for the presence of the APC Tinubu, at the meeting, Adamu disclosed that “Tinubu’s visit is a normal visit.”
Addressing journalists after the meeting, the Chairman of Progressives Governors Forum and the Governor of Kebbi State, Atiku Bagudu, expressed satisfaction with the level of mobilisation that had gone into the campaign of their presidential candidate.
He stated, “As the chairman spoke, the governors and the party are one and the same. And I am very proud about the conduct of our campaign by our presidential candidate
“The Director General of the campaign and indeed, governors and the candidate across the country have been doing a tremendous job of mobilizing the Nigerian populace and we are very, very impressed with the support of the majority of Nigeria.”
Although some of the governors like Sanwo-Olu and El Rufai wore long faces when they came out of the meeting, it is not immediately know if certain governors are in support of the naira swap policy.
Tinubu refused to address the press when he came out of the meeting at about 7.15 pm.
Despite entreaties by the journalists who kept pestering him with questions, he snubbed them and stepped into one of the waiting cars in his convoy and drove off.
It was gathered that during the meeting most of the governors, who spoke, said there was the need to prevail on the President to ensure the obedience of the court order.
Our correspondent learnt that Bagudu, who spoke first after the chairman’s opening address, rallied other governors and the APC NWC to kick against the CBN policy during the meeting.
“This informed the strong position they took against the policy, the CBN governor and the AGF,” a source explained.
The source added that the governors that spoke criticised the implementation of the naira redesign, which they said was not good for the party.
It was also gathered that the Bankers Committee was considering extending the collection of old notes this week to avert protests ahead of the polls.
It was learnt that the chief executives of commercial banks took the decision during a virtual meeting on Saturday as part of moves to avert fresh protests this week.
The meeting, it was further gathered, was aimed at getting the CBN to give approval for banks to resume the collection of old notes on Monday (today).
It was learnt the top bank officials believed doing so would reduce tension and prevent further protests that could increase tension ahead of Saturday polls.
“Bank CEOs met over the weekend to find a solution to the crisis. You can see that some banks collected old notes deposits on Saturday. The idea is to get banks to resume old notes collection from customers on Monday (today). This will prevent further attacks on bank officials and bank property this week. This is the last week before the polls, so the CBN and banks want to ensure there is no tension,” a top official privy to the development told The PUNCH.
Meanwhile, in defiance of the directive by the President, Major General Muhammadu Buhari (retd.), that the old N1,000 and N500 have ceased to be legal tender, the Kaduna State Government has directed ministries, departments and agencies to accept payments in the old naira and new notes.
El-Rufai had last Thursday slammed Buhari over his directive which he said was in disobedience to the February 8 Supreme Court Order restraining the Federal Government from ending its cash swap policy on February 10.
The governor asked residents of the state to continue using the old naira notes.
ENDS
The Court of Appeal in Abuja has upheld a Federal High Court judgment restraining the Independent National Electoral Commission (INEC) from recognising state congresses conducted by committees appointed by the David Mark-led caretaker leadership of the African Democratic Congress (ADC).
In a split decision of two to one, the three-member panel affirmed the earlier ruling of the Federal High Court, holding that the congresses organised under the caretaker committee violated an existing court order.
Justice Okon Abang, who delivered the lead judgment, ruled that there was no basis to set aside the restraining order issued by Justice Joyce Abdulmalik on April 29.
The appellate court also upheld the lower court’s decision barring the caretaker leadership from interfering with the functions and tenure of the party’s duly elected state executive committees.
According to the court, the ADC Constitution vests the responsibility for conducting state congresses in the elected state executive committees, not the national caretaker leadership.
Justice Donatus Okorowo concurred with the lead judgment, while Justice Abba Mohammed dissented, arguing that the matter was an internal affair of the political party and therefore outside the jurisdiction of the courts.
The suit was filed by aggrieved members of the ADC, who challenged the legality of committees established by the David Mark-led caretaker leadership to conduct state congresses. They argued that the appointments breached the party’s constitution, insisting that only duly elected party organs had the authority to organise state congresses.
In its earlier ruling, the Federal High Court held that the four-year tenure of the ADC’s State Working Committees and State Executive Committees remained valid until fresh congresses and a national convention were properly conducted.
Justice Abdulmalik further ruled that neither the 1999 Constitution nor the ADC Constitution empowered the caretaker committee to appoint committees to conduct state congresses.
While noting that courts generally refrain from interfering in the internal affairs of political parties, the judge held that judicial intervention is justified where constitutional or statutory provisions are alleged to have been breached.
Affirming the lower court’s decision, the Court of Appeal declared the state congresses and national convention conducted by the David Mark-led caretaker leadership null and void for being carried out in defiance of an existing court order.
The appellate court stressed that once a dispute raises constitutional issues, it ceases to be merely an internal party matter and becomes subject to judicial review.
Consequently, the court dismissed the ADC’s appeal, upheld all the orders of the Federal High Court, and awarded ₦10 million in costs against the party.
By Chinedu Sabastine
A pro-Yoruba women group, operating under the banner of Yoruba Women in Politics (YWIP), has applauded the Deputy National Chairman (South) of the ruling All Progressives Congress (APC), Dr. Benjamin Obi Nwoye, for strengthening the party across the Southern part of Nigeria barely three months he assumed office.
They said: “Dr. Benjamin Obi Nwoye is a very honest and open person. He has done considerably well,” the group said.
He was also praised for displaying high democratic ideals and delivering electoral victories for the ruling party in Southern Nigeria.
Chairperson of the women group Mrs. Dorothy Akinyele, in a statement issued in Akure, the Ondo state capital on Saturday applauded Nwoye “for his loyalty, strength of character, and consistency of purpose to the cause of democracy.”
They expressed delight and satisfaction “with the high degree of determination so far exhibited by Nwoye to applying the principle of fair play in treating all party members and asserting independence and neutrality in most cases.”
The highly revered South West women body also commended Nwoye “for deepening the party’s structures in the South-west, South-South and South-East, empowering women and youth and building a stronger APC and a more inclusive future for Nigeria.”
In particular, the women lauded Nwoye “for mobilizing support for President Bola Tinubu in the 2027 general election, preserving the progressive ideals upon which the APC was built and curtailing the abuse of democratic norms in the ruling party.”
According to them, “Dr. Benjamin Obi Nwoye is level headed, has milk of human kindness flowing in his veins and committed to the success of President Tinubu and the party in 2027 and beyond,” YWIP said.
It therefore, described Dr. Nwoye as “the influential exponent of national unity,” extolling him for ensuring a smooth internal
Democratic process in his home state Enugu, the coal city state.
The Presidential Candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has dismissed a public debate challenge from the Minister of Works, Dave Umahi, saying the minister must first become a presidential candidate before seeking such an engagement.
Obi made the remark during an interview with media entrepreneur Chude Jideonwo, where he responded to Umahi’s challenge following his criticism of the condition of Nigerian road.
The former Anambra State governor argued that presidential debates are reserved for candidates seeking the nation’s highest office, insisting that Umahi does not fit that category.
According to Obi, the controversy over the poor state of the roads had already produced results, noting that his criticism prompted repairs.
“If he is inviting me to a debate as a presidential candidate, then he has to become a presidential candidate first,” Obi said.
Drawing an analogy with international football, the NDC presidential flagbearer likened Umahi’s challenge to a team that failed to qualify for the FIFA World Cup inviting a qualified team to a match.“The World Cup is going on now. You cannot stay outside and invite a team that qualified for the World Cup to come and play against you simply because you think you are good. No. There is a qualification process,” he added.
Obi maintained that leadership should be measured by performance rather than rhetoric, suggesting that the repairs carried out after his criticism underscored the importance of holding public officials accountable.
His response comes days after Umahi declared that Obi posed no political threat to President Bola Tinubu or the ruling All Progressives Congress (APC), while challenging him to a public debate over the state of federal roads and infrastructure across the country.
Ada Ogbu, who made the clarification in a statement posted on her official X account on Saturday, was responding to Keyamo’s ultimatum demanding that Obi apologise to airport officials, pay a ₦25,000 parking fine or face action by the Federal Airports Authority of Nigeria (FAAN).Executive Branch
Ogbu, who described herself as an eyewitness, maintained that she was among those who accompanied Obi to the airport on Saturday, July 4, and categorically denied the minister’s claim that the politician was driven by a police officer.
“As a member of the team that accompanied His Excellency @PeterObi to the Abuja airport on Saturday, July 4, I can state categorically that he does not have a police officer as his driver in Abuja. Therefore, if airport CCTV captured a police officer entering the driver’s seat of a vehicle, that vehicle could not have been Mr. Obi’s,” she stated.
She further argued that the incident highlighted by Keyamo was different from the one Obi narrated during his interview with media personality Chude Jideonwo.
According to her, Obi’s frequent travels across the country have exposed him and his aides to repeated hostile treatment by airport personnel.Government
“It is also important to note that Mr. Obi travels through as many as ten Nigerian airports every week. Over time, there have been several acts of hostility directed at him and members of his team by airport personnel across different locations,” Ogbu said.
She concluded that the aviation minister had referenced an entirely separate incident.
“Based on the account shared by the Honourable Minister, it is clear that the incident Mr. Obi referenced during his interview with @Chude did not occur on the date or at the airport cited by the Minister. They are plainly two different incidents.”
Her reaction comes hours after Keyamo released CCTV-based findings from an internal inquiry into the airport incident, insisting Obi must publicly apologise to airport workers and pay the prescribed parking fine within one week or risk further action by FAAN.
President Bola Tinubu on Friday formally retained Vice President Kashim Shettima as his running mate for the 2027 presidential election.
This was as political parties made last-minute moves to beat the Independent National Electoral Commission’s deadline for the submission of presidential and National Assembly candidates.
The ruling All Progressives Congress presented the nomination forms of Tinubu and Shettima to its National Chairman, Prof. Nentawe Yilwatda, in Abuja for onward transmission to INEC, effectively ending months of speculation that the President could replace his deputy with a northern Christian.
The development came as INEC confirmed that it had received the presidential and vice-presidential nominations of the African Democratic Congress, Nigeria Democratic Congress, Social Democratic Party, Action Alliance, African Action Congress, Peoples Redemption Party and Young Progressives Party.
Meanwhile, several other political parties continued uploading the names of their candidates ahead of the commission’s Saturday midnight deadline.
The electoral commission had fixed July 11, 2026, as the deadline for political parties to upload the nomination forms of their presidential and National Assembly candidates through its online nomination portal in accordance with Section 29(1) of the Electoral Act, 2026.
The submission exercise, which commenced on June 27, covers Forms EC9 and EC9A to EC9E for presidential, vice-presidential, Senate and House of Representatives candidates.
According to the timetable released by the commission, political parties are expected to begin uploading the names of governorship and State House of Assembly candidates from July 18, with the exercise ending on August 8.
INEC is scheduled to publish the personal particulars of presidential and National Assembly candidates on August 1, while those of governorship and state assembly candidates will be displayed on August 29 to allow members of the public raise objections where necessary.
The commission also fixed August 22 as the deadline for the withdrawal and substitution of presidential and National Assembly candidates, while governorship and state assembly candidates have until September 19 for withdrawal or replacement in line with the provisions of the Electoral Act.
The July 11 deadline marks one of the most critical stages in the build-up to the 2027 general elections, as only candidates validly nominated by political parties through primaries monitored by INEC are eligible for submission.
The commission had repeatedly warned political parties against submitting the names of candidates different from those who emerged from duly monitored primaries, insisting that any nomination outside the provisions of the Electoral Act and its regulations would be rejected.
Against this backdrop, the APC used Friday’s presentation ceremony to publicly affirm its presidential ticket, signalling that it would head into the 2027 contest without altering the Muslim-Muslim ticket that secured victory in the 2023 presidential election.
Following President Tinubu’s emergence as the APC’s presidential candidate during the party’s convention, political discussions had intensified over whether the President would retain Shettima or opt for another running mate to broaden the party’s electoral appeal.
Those speculations gathered momentum in recent months amid reports that the ruling party was considering a northern Christian as vice-presidential candidate to address concerns over religious balancing.
Friday’s submission, however, ended the uncertainty, with the APC formally presenting Tinubu and Shettima as its flag bearers for the 2027 election.
The nomination documents were presented on behalf of the President by his Special Adviser on Political Matters, Ibrahim Masari, during a ceremony attended by members of the Progressive Governors’ Forum, the National Assembly, the Federal Executive Council, the APC National Working Committee, state chairmen of the party and APC governorship candidates.
Earlier, the APC National Organising Secretary, Sulaiman Argungu, described the event as the formal presentation of the duly completed nomination forms of the party’s presidential and vice-presidential candidates.
Argungu noted that President Tinubu had earlier secured the party’s presidential ticket through what he described as a transparent primary election, and urged party members to remain united ahead of the 2027 polls.
He also commended the President for what he described as the achievements of his administration before formally handing over the nomination documents to the APC National Chairman for onward submission to INEC.
Speaking on behalf of APC governors, Imo State Governor, Senator Hope Uzodimma, reaffirmed the governors’ support for President Tinubu and the party leadership.
“We are delighted that this event is coming after a well-organised and thoroughly supervised primary process. We reiterate our commitment to continue supporting President Tinubu and the party,” he said.
Uzodimma said the APC remained committed to internal democracy and inclusiveness, adding that the governors would continue mobilising support for the President across the country.
“We will continue to support him in the larger interest of Nigerians and to take the country to greater heights. To the National Working Committee, we reaffirm our support. Together, we are going to deliver victory for President Tinubu and ensure the party wins all elective positions, including the National and State Assemblies,” he added.
Receiving the nomination forms, APC National Chairman, Prof. Yilwatda, described the event as a reflection of the confidence reposed in President Tinubu by millions of party members across the country.
According to him, the President’s endorsement by members of the party demonstrated widespread support for his administration and its policies.
He stated, “Today is a reflection of the wishes of over 12 million members of the APC who overwhelmingly voted for Mr. President as the party’s candidate for the 2027 presidential election. We are proud that APC members across the country cast over 12 million votes for Mr. President and overwhelmingly endorsed him.
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