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BREAKING: INEC free to transmit election results electronically – Senate

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The Senate on Tuesday resolved that the Independent National Electoral Commission (INEC) is free to determine the mode of transmission of results during elections, including electronic transmission or manual transmission.

 

This represents reversal of its earlier resolution that INEC can transmit elections results electronically with approval from NCC and the National Assembly.

 

The resolutions of the Upper Chamber followed a motion titled: “Motion for recommittal” sponsored by the Senate Leader Yahaya Abdullahi (Kebbi North).

 

Abdullahi in his lead debate said the Senate: “Recalls that the Electoral Act No. 6, 2010 (Repeal and re-enactment) Bill, 2021 was passed by the Senate and the House of Representatives.

 

“Observes that after critical examination of the Bill by the Senate Committee on INEC, some fundamental issues which require fresh legislative action on the following clauses – 43, 52, 63, and 87 were observed.

 

“Desirous of the need to address the observation by the Committee and make necessary amendments; and

 

“Relying on order 1(b) and 53(6) of Senate Standing Order.

 

“Accordingly resolves to: Rescind its decision on the affected Clauses of the Bill as passed and re-commit same to the Committee of the Whole for consideration and passage.”

 

Order 1(b) of the Senate Standing Orders reads: “In all cases not provided for hereinafter or by Sessional or other Orders or practice of the Senate shall by Resolution regulate its procedure.

 

Also, Order 53(6) of the Senate Standing Orders reads: “It shall be out of order to attempt to reconsider any specific question upon which the Senate has come to a conclusion during the current session except upon a substantive motion for rescission.”

 

The approval followed an amendment to Clause 52(3) of the Electoral Act (amendment) Bill by Senator Aliyu Sabi Abdullahi (Niger North) during the consideration of a report by the Senate Committee on the Independent National Electoral Commission (INEC).

 

The Committee’s had initially recommended in in Clause 52(3) that “The Commission (INEC) may transmit results of elections by electronic means where and when practicable.”

 

Details shortly…

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eNaira: FG targets $29bn from blockchain, digital currency

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Digital currency and its underlying technology, blockchain, can increase Nigeria’s Gross Domestic Product by $29 billion in the next 10 years, President Muhammadu Buhari has said.

He stated this in Abuja on Monday at the unveiling of eNaira, stressing that Nigeria’s digital currency would help move people and businesses from the informal into the formal sector and increase the tax base of the country.

He said eNaira would cater for businesses and households seeking faster and cheaper means of payment instead of “private currencies” that have gained popularity and acceptance across the world, including Nigeria.

The President said, “In recent times, Your Excellencies, the use of physical cash in conducting business and making payments has been on the decline. This trend has been exacerbated by the onset of the COVID-19 pandemic and the resurgence of a new Digital Economy.

“Alongside these developments, businesses, households, and other economic agents have sought new means of making payments in the new circumstances.

“The absence of a swift and effective solution to these requirements, as well as fears that Central Banks’ actions sometimes lead to hyperinflation created the space for non-government entities to establish new forms of ‘private currencies’ that seemed to have gained popularity and acceptance across the world, including here in Nigeria.

“In response to these developments, an overwhelming majority of Central Banks across the world have started to consider issuing digital currencies in order to cater for businesses and households seeking faster, safer, easier and cheaper means of payments.”

Buhari added that the benefits of digital currencies cut across different sectors of and concerns of the economy.

He said, “Let me note that aside from the global trend to create Digital Currencies, we believe that there are Nigeria-specific benefits that cut across different sectors of and concerns of the economy.

“Alongside digital innovations, Central Bank Digital Currency (CBDC) can foster economic growth through better economic activities. Indeed, some estimates indicate that the adoption of CBDC and its underlying technology, called blockchain, can increase Nigeria’s GDP by US$29 billion over the next 10 years.

“CBDCs can also help increase remittances, foster cross border trade, improve financial inclusion, make Monetary Policy more effective, and enable the government to send direct payments to citizens eligible for specific welfare programmes.

“It is on this basis that I am delighted to officially launch the Central Bank of Nigeria Digital Currency, called the eNaira, and in so doing, we have become the first country in Africa and one of the first in the world to introduce a Digital Currency to her citizens.”

governor of the CBN, Godwin Emefiele, said the eNaira would make a significant positive difference to Nigeria and Nigerians.

The apex bank rolled out two applications for the digital currency on Monday — eNaira speed wallet and eNaira merchant wallet.

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As Buhari launches eNaira, CBN unveils 100 for 100 financial instrument

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President Muhammadu Buhari has launched the Central Bank of Nigeria (CBN) digital currency, the e-Naira.
While launching the digital currency, at the State House,Abuja, this afternoon, the president commended the CBN Governor, Mr. Godwin Emefiele, for his efforts towards ensuring a more efficient payment system in the country.
In his address, Emefiele announced a new financial instrument titled “The 100 for 100 PPP – Policy on Production and Productivity,” to reduce the nation’s overdependence on imports.
According to the governor, the instrument, “will be anchored in our Development Finance Department under my direct supervision.
“Under this policy the CBN will advertise, screen, scrutinize and financially support 100 targeted private sector companies in 100 days, beginning from 01 November 2021, and rolling over every 100 days with new set of 100 companies, whose names will be published in National Dailies for Nigerians to verify and confirm.

“The purpose of this instrument is to take further steps to reverse our over reliance on imports.”

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Investigate sources of fake reports about luxury bus hijack, GUO, ALBON tell police

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Luxury bus owners and operators have denied a new report claiming that one of the buses was hijacked and 123 passengers abducted by some gunmen.

The transporters were reacting to what they called the latest in a series of recent fake news that a “fully loaded” Abuja-bound luxury bus belonging to GUO Transport Co Ltd was “intercepted” in Edo by “bandits suspected to be Fulani who kidnapped about 123 passengers on board, hours after departing Owerri.

They asked the police and other security agencies in the country to investigate the sources of such frequent hoax online news reports about the hijack of their vehicles and kidnap of passengers by bandits.

Describing the abduction story which was widely publicised online as a mischievously fabricated falsehood, the Managing Director of GUO, Maduabuchukwu Okeke, disclosed that neither was any of his company’s buses hijacked nor the passengers abducted.

He stated that since the middle of last week when the false report was posted, his company has been inundated with calls and visits by worried members of the travelling public trying to confirm the “news.”

One of the publications went as far as claiming that the bandits were “armed with Ak-47 rifles and machetes.”

The GUO Managing Director recalled that false stories of luxury bus hijack and kidnap of passengers have been recycled several times since banditry became a worrisome issue in the country.

He urged the Department of State Services {DSS}, the police and other law enforcement agencies, to track down the perpetrators who are bent on scaring away innocent long distance road users, putting luxury bus business in jeopardy and causing disaffection among sections of the society.

Okeke debunked the story, saying, “The mischief makers claimed that 123 passengers were abducted. But, what kind of luxury bus can accommodate 123 passengers even with the so called “attachment” seats which are totally prohibited in GUO as a matter of policy. Or, are we talking about pieces of wood here, and not human beings anymore? You do not need to think deep to know that the story is false.”

He stated that if there was any such incident involving GUO buses, the management would have officially issued a statement in addition to a confirmation by the police.

Also speaking on to latest hijack and kidnap hoax, the recently elected National President of Association of Luxury Bus Owners of Nigeria {ALBON}, Nonso Ubajaka, decried the frequent generation of falsehood about his members’ vehicles on the internet.

Ubajaka said he checked with the management of GUO and confirmed that none of their buses was attacked by bandits.

“So, the question is: What is the motive behind the frequent fake news about luxury buses being “intercepted” and occupants abducted by the Fulani? All the transport owners are worried because there seems to be a secret plan to cause fear and disaffection which gives us cause for concern,” he said.

The ALBON President, therefore, echoed the appeal to the law enforcement agencies to swing into action and apprehend the mischief makers before they cause more damage through the internet.

Other luxury bus transporters and members of both ALBON and the bigger amalgam of transport bodies –   Public Transport Owners of Nigeria Association {PTONA}, urged online news readers to disregard such fake news.

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