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
Politics
Anambra Communities Boil As Group Carpets Traditional Rulers Over Zoning
By Okey Maduforo, Awka
Ten communities that make up Anaocha Local Government Area of Anambra State are set for a showdown with their traditional rulers following the alleged suspension of the zoning arrangement for the Anambra State House of Assembly elections.
Recall that on April 7, 2022, the traditional rulers, in a Memorandum of Understanding (MoU), resolved that the House of Assembly seats for Anaocha I and Anaocha II constituencies would rotate among the ten communities, with each town occupying the seat for two terms.
The traditional rulers further resolved that the rotation would subsist irrespective of the political party through which lawmakers emerge, noting that the arrangement was aimed at ensuring that all ten communities have the opportunity to produce members of the State Assembly in the interest of equity and fairness.
However, the Anaocha Equity Forum, shortly after its meeting, expressed concern over the alleged suspension of the zoning arrangement.
Speaking, the Convener of the Anaocha Equity Forum, Mr. Valentine Okoye, said the forum would not take kindly to what it described as acts capable of destabilising the council area, adding that any such move would be resisted.
“This is a Memorandum of Understanding signed by our traditional rulers, and it has been respected until now. We in the Anaocha Equity Forum see this as a slap on the sensibilities of the ten communities that make up the area,” he said.
“We urge members of the public, political parties, and stakeholders to disregard the alleged position of the traditional rulers, as it does not represent the views and aspirations of our people.
“Our traditional rulers should be mindful of their roles as fathers of their respective communities. They should also understand that they would be held responsible for whatever backlash or consequences may arise from this recent position.
“We call on Governor Charles Soludo to call the traditional rulers to order so that the peace currently enjoyed in Anaocha Local Government Area will not be disrupted,” he stated.
Politics
Mass exodus: Obi, Kwankwaso exit rocks ADC, 18 lawmakers join NDC
The exit of Peter Obi and Rabiu Kwankwaso, two prominent opposition figures, has weakened the African Democratic Congress across both chambers of the National Assembly.
The National Democratic Congress, which received Peter Obi and Rabiu Kwankwaso on Sunday, recorded its biggest gains on Tuesday with the addition of 17 House members and a senator. Weeks earlier, its ranks expanded when Seriake Dickson, representing Bayelsa West, defected from the Peoples Democratic Party to join the party.
The development comes a few days after several opposition parties resolved to present a single presidential candidate against President Bola Tinubu in the 2027 elections.
The wave of defection to the NDC occurred 48 hours after Obi and Kwankwaso, two of the ADC’s most prominent figures, formally exited the party. These moves have significantly altered the opposition landscape ahead of the 2027 general elections, setting the stage for shifting political alliances.
Additionally, the latest defectors, drawn from Kano, Anambra, Lagos, Edo, Rivers, and Kogi States, cited internal disarray within the ADC as a major factor that influenced their decision.
While reading their letters on the floor of the House, Deputy Speaker Benjamin Kalu, who presided over the plenary session, said the lawmakers blamed the party’s instability for their departure, noting that the crisis remained “unresolved starting from the ward to the national level.”
The defectors to the NDC are Yusuf Datti, Sani Adamu, Zakari Mukhtari, Kamilu Ado, Harris Okonkwo, George Ozodinobi, Lilian Orogbu, Peter Anekwe, Emeka Idu, Ifeanyi Uzokwe, and Afam Ogene. Others include Lagos lawmakers Thaddeus Attah, Oluwaseyi Sowunmi, George Olwande, and Jese Onuakalusi, as well as Murphy Omroruyi from Edo and Umezuruike Manuchim from Rivers State.
In a separate move, Kogi lawmaker Leke Abejide defected from the ADC to the ruling All Progressives Congress.
The coordinated nature of the defections is widely interpreted as a show of loyalty to Obi and Kwankwaso, whose switch to the NDC is already reshaping opposition dynamics.
Both men are influential political figures with strong regional bases—Obi in the South-East and Kwankwaso in the North-West—and their exit from the ADC appears to have triggered a ripple effect among lawmakers aligned with their political structures.
The ADC’s current troubles did not emerge overnight. In recent months, tensions within the party escalated over leadership struggles, strategy disagreements, and competing ambitions among top figures.
The situation worsened amid reports of irreconcilable differences between Obi, Kwankwaso, and former Vice President Atiku Abubakar, who was also a central figure in opposition coalition talks.
Efforts to build a united front ahead of 2027 reportedly broke down due to mistrust, zoning disagreements, and control of party structures.
Their eventual defection to the NDC marked a turning point. Seen as a more viable platform for consolidating opposition strength, the NDC quickly became a magnet for lawmakers and political actors seeking stability and clearer leadership direction.
With the departure of key figures and a steady decline in its legislative strength, the ADC now faces a daunting struggle to maintain political relevance.
The loss of national figures like Obi and Kwankwaso, combined with the defection of lawmakers across multiple states, appears to have weakened its structure and electoral prospects.
Only last week, the party boasted 24 members of the House of Representatives, but it is now left with six.
Once the dominant opposition party, the Peoples Democratic Party may equally struggle to retain its status.
Though still officially the most formidable opposition in the House, the PDP currently has 29 members in the Green Chamber, down from 116 members in its ranks at the inauguration of the 10th National Assembly in June 2023.
Politics
2027: Akpabio Moves to Block Ex-Governors from Contesting for Senate President
Barely a year to the inauguration of the 11th National Assembly, the Senate on Tuesday moved to tighten its internal rules, effectively narrowing the path to its most powerful offices and edging out a class of incoming lawmakers, including serving governors and former senators eyeing leadership positions.
In a move widely seen as pre-emptive, the red chamber, after about three hours of a closed-door session, amended Orders 4 and 5 of its Standing Rules, restricting eligibility for both presiding and principal offices to ranking lawmakers with defined legislative experience.
The amendments come amid growing interest by outgoing governors and political heavyweights, many of whom are positioning to enter the Senate in 2027 to contest for top leadership roles such as Senate President and Deputy Senate President.
Under the Revised Order 4, the Senate reinforced a strict hierarchy for the emergence of presiding officers, stating that “Nomination of senators to serve as Presiding Officers shall be in accordance with the ranking of senators and shall be strictly adhered to.
“The order of ranking are (i) Former President of the Senate, (ii) Former Deputy President of the Senate, (iii) Former Principal Officers of the Senate, (iv) Senators who had served at least one term of four years, (v) Senators who had been members of the House of Representatives, (vi) In the absence of i to v, senators elected into the Senate for the first time,” it stated.
Beyond this ranking structure, the Senate introduced a more stringent provision in Order 5, effectively excluding first-time and non-consecutive lawmakers from contesting principal offices.
The amended rule states: “Any senator shall not be eligible to contest for any principal office of the Senate unless he has served as a senator for at least two consecutive terms immediately preceding nomination.”
The implication is far-reaching: senators-elect who were not members of both the 9th and 10th National Assembly would be ineligible to vie for key leadership roles in the 11th Assembly.
Presiding offices in the Senate include the Senate President and Deputy Senate President, while principal offices comprise Senate Leader, Deputy Senate Leader, Chief Whip, Deputy Whip, Minority Leader, Deputy Minority Leader, Minority Whip and Deputy Minority Whip.
The rule changes come against the backdrop of an intensifying scramble for Senate seats ahead of the 2027 general elections, driven largely by governors completing their constitutionally allowed two terms.
No fewer than 10 state governors and several former governors are already angling to secure senatorial tickets, leveraging their influence over party structures to emerge as consensus candidates in their respective states.
At least 12 of the 36 state governors are in their second and final terms, with 10 set to complete their tenure by May 29, 2027.
The looming transition has triggered a wave of political realignments, with many seeking to maintain relevance and influence by moving to the National Assembly.
Eight of the affected governors are from the ruling All Progressives Congress, while Oyo State Governor, Seyi Makinde, belongs to the Peoples Democratic Party, and Bauchi State Governor Bala Mohammed is aligned with the Allied Peoples Movement.
Those expected to exit office in 2027 include AbdulRahman AbdulRazaq (Kwara), Abdullahi Sule (Nasarawa), Ahmadu Fintiri (Adamawa), Babagana Zulum (Borno), Inuwa Yahaya (Gombe), Mai Mala Buni (Yobe), Babajide Sanwo-Olu (Lagos), and Dapo Abiodun (Ogun), alongside Makinde and Bala Mohammed.
Although Bayelsa State Governor Douye Diri and Imo State Governor Hope Uzodimma will complete their tenures in early 2028 due to off-cycle elections, both have been drawn into early permutations for Senate seats.
In Imo State, the political temperature has risen sharply following moves by the All Progressives Congress to position Uzodimma for the Imo West senatorial seat.
Party leaders in the state have already named him as the consensus candidate, even as the incumbent senator, Osita Izunaso, is reportedly seeking a return to the red chamber.
Last Saturday, APC leaders from the Orlu Zone (Imo West), led by the state chairman, Chief Austin Onyedebelu, purchased the 2027 senatorial nomination form for the governor, urging him to accept the ticket.
Onyedebelu, who presented the forms to Uzodimma’s Chief of Staff, Chief Nnamdi Anyaehie, called for pressure on the governor to “accept the plea of Orlu people by filling the forms so that it can be submitted before the deadline of 5th May, 2026.”
The state APC has also warned other aspirants against contesting the seat, insisting that Uzodimma remains the consensus choice.
Complicating the contest, former Governor Rochas Okorocha equally purchased nomination forms in a bid to return to the Senate, a move confirmed by one of his aides, Darlington Ibekwe.
The Orlu Political Consultative Assembly further reinforced Uzodimma’s candidacy, declaring him the sole candidate for the district in what it described as a “total, unanimous, and irrevocable decision.”
The unfolding contest is also shaped by internal power dynamics within the ruling party.
Last month, President Bola Tinubu reportedly rebuffed attempts by National Assembly leaders to secure automatic return tickets for lawmakers, instead reaffirming the authority of state governors over candidate selection.
The stance has strengthened governors’ grip on party structures, enabling many of them to influence senatorial nominations as they prepare for life after office.
Against this backdrop, the Senate’s rule amendments appear designed to preserve institutional hierarchy and prevent an influx of first-time lawmakers, many of them politically powerful, from immediately taking control of the chamber’s leadership.
For ambitious entrants like Uzodimma and others plotting a return or debut in the Senate, the message from the red chamber is clear: experience within its ranks, not political clout outside it, will determine who leads in the 11th National Assembly.
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