Friday, December 09, 2016

Did Sanusi Lie Against The Buhari Administration And CBN?

Muhammad Sanusi II, the emir of Kano and former governor of the Central Bank of Nigeria (CBN), recently claimed that the CBN has been illegally funding the Muhammadu Buhari-led administration.
In his claims, Sanusi said “the CBN-FGN relationship is no longer independent. In fact, one could argue their relationship has become unhealthy.
“CBN claims on the FGN now tops N4.7 trillion — equal to almost 50% of the FGN’s total domestic debt. This is a clear violation of the Central Bank Act of 2007 (Section 38.2) which caps advances to the FGN at 5% of last year’s revenues. Has CBN become the government’s lender of last or first resort?”

Cross River Super Highway: Court Dismisses Communities’ Suit against Superhighway Construction

A Federal High Court in Calabar yesterday gave judgment in favour of the Cross River State government against two communities that dragged the government to court over the proposed 260 km superhighway, one of the signature projects of the governor, Professor Ben Ayade.
The suit with no HM/191/2016 was initiated by the people of New and Old Ekuri of Akamkpa Local Government Area seeking to stop the construction of the superhighway.
But delivering judgement yesterday, Justice Maurice Eneji of High Court 3 dismissed the suit as an abuse of court process.

The judge similarly did not grant the prayer of the applicants to stop the construction of the superhighway.

Sunday, December 04, 2016

Allah Is Telling Me My Time Is Up: Gambia's President

Gambians celebrate the victory of opposition coalition candidate Adama Barrow by tearing down a poster of longtime President Yahya Jammeh in the streets of Serrekunda, Gambia, Friday Dec. 2, 2016. (AP Photo/Jerome Delay)
BANJUL, Gambia (AP) — Gambia's president of 22 years acknowledged his election defeat on state television Friday night, vowing to step down hours after news of the results prompted thousands to celebrate in the streets in an unprecedented display of disdain for his rule.
With cameras rolling, Yahya Jammeh called the winner, opposition coalition leader Adama Barrow, on a mobile phone to praise the election and vow not to contest the result.
"Allah is telling me my time is up and I hand over graciously with gratitude toward the Gambian people and gratitude toward you," Jammeh said.

Surprise Winner Of Gambia Poll Eyes New Cabinet, Reforms

The new president of Gambia, Adama Barrow smiles as he makes a call at his home in Yarambamba, West Coast Region, Gambia December 3, 2016. REUTERS/ Thierry Gouegnon
BANJUL (Reuters) - The winner of Gambia's presidential election told Reuters on Saturday he was keen to form a new cabinet to get cracking with reforms, a day after veteran leader Yahya Jammeh stunned the tiny west African nation by conceding defeat.
Jammeh's statement on state radio sparked wild celebrations in a country he has ruled with an iron hand since taking power in a coup 22 years ago, but doubts persisted over how he would step aside and whether the army would switch its allegiance.