Author: Lawbreed Limited

United States Assistant Secretary of State for African Affairs, Molly Phee, says her country has no preferred candidate in Nigeria’s general election. Ms Phee stated this when she visited the Chairman, Independent National Electoral Commission (INEC), Mahmood Yakubu in his office on Monday in Abuja. She expressed confidence that the general election would be hitch-free and successful. “Democracies are exciting experiments in human governance. It doesn’t matter whether you’re rich or poor, whether you live in a city or the countryside, what your religion is, what your nationality is. “Every single vote counts and Nigerians should have confidence in their…

Gunmen on Sunday night burnt the Oguta High Court located in the Oguta Local Government Area of Imo State. It was gathered that the attackers arrived around 11.30pm and attacked the facility, which is located inside the local government headquarters. A source, who doesn’t want his name to be mentioned for security reasons, told newsmen that the Magistrate’s Court Registry, Appeal Court Record Office, File Room, Secretary to the High Court Judge’s office, office of the High Court bailiff, the chamber of the High Court judge were burnt. The source said, “The Magistrate Court Registry, Appeal Court Record Office, File…

The Independent National Electoral Commission (INEC) has said that all funds required to conduct the 2023 elections have been sent to the Commission and allayed fears that it was having financial constraints. The INEC Kaduna State Admin Secretary, Auwal Mashi, stated this during a stakeholders’ meeting and training of members of the Correspondents’ Chapel of the Nigeria Union of Journalists(NUJ) on the workings of Bimodal Voter Accreditation System (BVAS). “Let me use this opportunity to tell you that, all funds for the execution of the general election have been sent to us. Everything that is required in term of financing…

Abubakar Malami, Attorney General of the Federation and Minister of Justice has said that the introduction of naira redesign policy by Central Bank of Nigeria (CBN) reduced significantly the rate of kidnappings in the country. The AGF, in an interview with Radio Nigeria Kaduna, said there were positive sides of the policy which were not considered. A seven-member panel of the Supreme Court led by John Okoro had restrained the CBN from banning the use of the old naira notes – N200, N500 and N1,000 – from February 10. The apex court made the ruling in an ex parte application…

Governor Bello Matawalle of Zamfara has ordered the arrest of anyone who refuses to accept the old currency notes of two hundred, five and one thousand naira in the state. He said the old currency notes remain legal tender until the final verdict of the case instituted against the Central Bank of Nigeria (CBN) and the federal government by three Northern Governors of Kaduna, Kogi and Zamfara States at the supreme court. Matawalle stated this at the swearing-in ceremony of new High Court Judges and newly appointed special Advisers held at the Government House, Chamber II in Gusau, the state…

Bismarck Rewane, managing director (MD) of Financial Derivatives, has proffered solutions to end the scarcity of cash in the country. Despite the naira swap policy, many Nigerians have found it difficult to obtain the new notes. The Central Bank of Nigeria (CBN) attributed the scarcity to hoarding by citizens. Speaking in a Channels Television interview on Friday, Rewane said the federal government needs to do damage control to ensure improved supply of the naira. Rewane proposed that the solution should take two forms: printing more notes for an increased supply and rebuilding citizens’ confidence. “We can talk from now to…

The Supreme Court on Saturday came hard on some Nigerians who had been “venting convoluted anger”, following its recent pronouncements, which affirmed a former Governor of the Akwa Ibom State, Godswill Akpabio, and Senate President, Ahmad Lawan, senatorial candidates of the All Progressives Congress in the February 25 elections. The Apex Court warned purveyors of such attacks on the judiciary and Chief Justice of Nigeria, Justice Olukayode Ariwoola, especially the United States-based Professor, Farooq Kperogi and Progressive Minds Forum, to desist and channel such energies to political parties which “fail to organise themselves well.” The Director of Press And Information…

Ondo State Government has filed a suit before the Supreme Court of Nigeria, Abuja against the Federal Government in respect of the directive issued through the Central Bank of Nigeria limiting daily cash withdrawals from banks. In an originating summon filed and signed by the Attorney General of Ondo State, Sir Charles Titiloye Ksm FCArb, on Thursday, Ondo state Government is praying the Supreme Court to stop the implementation of the directive issued by the Federal Government through the Central Bank of Nigeria on limitation of daily cash withdrawals from banks which has totally paralysed and brought to a standstill…

The Federal Inland Revenue Service and the Lagos State Government on Monday signed a Memorandum of Understanding to create a joint tax audit system. Lagos State Governor, Babajide Sanwo-Olu noted that the plan is to address duplication of measures and enable the exchange of data that are relevant to the enforcement of extant tax laws. Sanwo-Olu said the signing of the MoU is necessary for the unity of both parties. “The MoU is in the best interest of the public, as it affirms the reason why we need to come together and strengthen the cordial working relationship between the two…

Supply constraint arising from the limited capacity to print enough new Naira notes is responsible for the severe cash crunch hurting Nigerians, CBN Governor Godwin Emefiele admitted amid the disappointing naira swap policy of the Buhari administration. Mr Emefiele made the disclosure on Friday when he briefed the emergency meeting of the National Council of State, sources who attended the meeting told PREMIUM TIMES. President Muhammadu Buhari convened the meeting as threats of social instability rise following the shortage of Naira. Violent protests have been recorded in parts of the country, including in Ogun, Oyo and Akwa Ibom in the…