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Senate may confirm acting CJN, Ariwoola, today
The Senate has received a request from President Muhammadu Buhari to confirm the nomination of Olukayode Ariwoola as the chief justice of Nigeria (CJN).
The request from the president was contained in a letter dated, July 25, 2022 and read by the Senate President, Ahmad Lawan, at the start of plenary, yesterday.
“Pursuant to Section 231(1) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), I forward for confirmation by the Senate, the appointment of Olukayode Ariwoola as the chief justice of Nigeria.
“While I hope that the submission will be considered in the usual expeditious manner, please accept, distinguished Senate president, the assurances of my highest consideration,” the president said in he letter.
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Ariwoola’s appointment as CJN by President Buhari was sequel to the resignation of former chief justice, Muhammad Tanko, on June 27, 2022.
Tanko’s resignation was against the backdrop of a protest by 14 aggrieved justices over issues of welfare. However, the former CJN, in his resignation letter, cited health grounds as reason for his decision.
In another letter to the Senatej dated July 21, 2022, President Buhari requested the upper chamber to confirm the nomination of Suleiman Afikpo as commissioner representing the South East zone, at the National Hajj Commission of Nigeria.
He said the request was in accordance with the provision of Section 3(2) of the Hajj Commission Act. Cap. 321, Laws of the Federal Republic of Nigeria 2004.
Sun
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Edo Election: Group accuses INEC of disenfranchising voters
Edo Election: Group accuses INEC of disenfranchising voters
A coalition of civil society organizations, under the aegis of the Conference of Non-Governmental Organizations (CONGOS), has raised an alarm over the alleged denial of the voting rights of Edo State citizens by the Prof. Yakubu Mahmood-led Independent National Electoral Commission (INEC).
News
FG borrows N3.8trn from CBN in 6 months, says new report
FG borrows N3.8trn from CBN in 6 months, says new report
In the last six months of 2023, the Federal Government of Nigeria received an additional N3.8 trillion in what appeared to be a fresh Ways and Means borrowing, according to a provisional data published in the latest statistics bulletin for the fourth quarter of the year recently released by the Central Bank of Nigeria (CBN).
This is despite claims by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, that the President Bola Tinubu government had not borrowed money from the CBN.
The CBN’s provisional data showed that the total figure rose from N4.4 trillion at the end of June 2023, meaning that the cumulative Ways and Means balances due by the government grew to N8.2 trillion as at December 2023.
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Total Ways and Means balances as at May 2023 when the Tinubu administration took over was N26.95 trillion. However, the balances were securitised as included as part of the federal government’s domestic debt profile.
A breakdown of the data shows that the balance at the end of June 2023 was N4.36 trillion, indicating that the prior month balances may have been moved to the Debt Management Office.
However, from July 2023, the balances increase every month, first to N4.5 trillion in July, then N5.1 trillion in August, crossing the N5.1 trillion mark for the first time.
By September, the total was N6.4 trillion, representing the single largest additional borrowing for a month with about N1.3 trillion. It then climbed to N7.2 trillion in October before rising marginally to N7.6 trillion in November.
At the end of the year, in December, the total hit N8.21 trillion, suggesting that Ways and Means increased by 88 per cent in six months.
FG borrows N3.8trn from CBN in 6 months, says new report
News
GRA regeneration scheme: Alake endorses housing projects
GRA regeneration scheme: Alake endorses housing projects
The Alake and Paramount Ruler of Egbaland, Oba Adedotun Aremu Gbadebo has declared his support for the initiative of the Ogun State government to holistically transform the Government Reservation Areas (GRAs) across the state to bring back the faded glory.
Oba Gbadebo made this declaration when the management team of the Ogun State Ministry of Housing led by the Commissioner, Jamiu Akande Omoniyi, paid a courtesy visit to the Alake’s Palace, to intimate the Egba Traditional Council on GRA Regeneration Programme.
Alake, who expressed his delight about the project promised to rally Egba indigenes both home and in the diaspora to buy into the new scheme.
“I am very excited today because of the project you brought to me; you can count on my support. I just don’t support, but I realised the development that the project will bring to Egbaland. I’m sure with the location of the project, the housing units to be built will be over-subscribed”, the traditional ruler stated.
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The monarch, however, implored the Ogun State government to allocate the Third Phase of the Prince Court Estates in Kobape and Kemta Idi -Aba, Abeokuta, to the remaining successful applicants.
Addressing members of the Traditional Council members earlier, the Commissioner for Housing, Jamiu Akande Omoniyi, reeled out the successes recorded by the incumbent administration in the provision of affordable housing to the people of the state, saying the positive response received from people prompted the government to continue to build more for various categories.
He emphasised that the new GRA Regeneration Scheme is meant to create a modern, vibrant smart city.
“The programme is not merely about demolishing and reconstructing, it will bring a total transformation geared towards enhancing economic value of the state. Save for unforeseen circumstances, the project should be completed within 18 months.
“The project when commenced will also create employment benefits with the engagement of artisans within the host communities”, Omoniyi stated.
Responding respectively on behalf of the Egba Traditional Council, the duo of Asiwaju Onimoro and Onimoro of Egbaland, Chiefs Tokunbo Odebunmi and Adeniyi Akanni, appreciated the state government under the leadership of Governor Dapo Abiodun for taking the bull by the horn with the GRA Regeneration Scheme, advising the government to be transparent about the project.
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FG borrows N3.8trn from CBN in 6 months, says new report
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