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Opinion: Akeredolu on Emefiele: Ignorance Taken Too Far
The Convener of The Green Alliance, Barr. Wale Fapounda has come out to correct some misconceptions bandied in the public space concerning the presidential ambition of the current Governor of Central Bank of Nigeria, Dr. Godwin Emefiele.
Regarding Dr. Emefiele’s quest to contest election, there have been very disappointing statements credited to so many people especially Governor Rotimi Akeredolu, SAN. The statements are to the effect that Dr. Emefiele is not entitled to seek election into the office of the president while still occupying the office of the governor of the apex Bank.
One wonders where this is coming from as it seems that long absence from the practice of law has made the learned Senior Advocate grow rusty. The truth is that there is no provision of our law stopping Dr. Emefiele from seeking election into the office of the president while in office, provided he has not been disqualified by Section 137 of the 1999 CFRN as amended. Rather, the constitution has more than enough enabled him to do so in the exercise of his constitutional rights. A lot of these ignorance stems from the deliberate misinterpretation of Section 9 of the CBN Act, Trek Africa Newspaper gathered.
Barr. Fapounda noted: ‘Section 9 of the CBN Act provides thus: “The Governor and the Deputy Governor shall devote the whole of their time to the service of the Bank and while holding office shall not engage in any full or part time employment or vocation whether remunerated or not except such personal and charitable causes as may be determined by the Board and which do not conflict with or detract from their full time duties…”
‘Clearly from the above provision, the CBN Governor or Deputy Governor cannot be involved in any other employment or vocation while in office. So how do we define employment or vocation? In Shell Petroleum Company of Nigeria vs Federal Board of Inland Revenue 1996 8 NWLR Part 466 256, the Supreme Court held that where the words of a statute are plain, precise and unambiguous, then it should be given the ordinary and natural meaning.’
What then is the natural and ordinary meaning of the word employment? And what is the natural and ordinary meaning of the word vocation? Employment means “the state of having paid work”. While vocation means ” a person’s employment or main occupation”.
Based on these definitions above, can it then be said that seeking election into the office of the president of Nigeria is an employment or vocation? The answer must surely be in the negative. Anything other than that will be the most artificial interpretation to suit a sinister purpose.
‘Moreso, the constitution is clear on rights of association, and rights to seek elective positions. And there is no impediment whatsoever on the exercise of such rights except such impediments are contained in the constitution. Contesting for the position of the president is an exercise of constitutional rights, and not an engagement in any employment or vocation,’ the legal luminary told Trek Africa Newspaper.
In conclusion, just as there is no law stopping Governor Akeredolu from appointing his son into sensitive government position in Ondo State when there are numerous other competent people in the state to man such position, there is no law stopping Dr. Emefiele to contest for the office of the president while still in office as the CBN governor.
The campaign team of Olajide Adediran, popularly known as Jandor, has announced that their leader, who is Governorship aspirant, has formally purchased the Expression of Interest and Nomination Forms of the All Progressives Congress ahead of the 2027 general elections in Lagos State.
The development was disclosed in a press statement issued on Wednesday by Gbenga Ogunleye, spokesperson for the Jandor campaign organisation, marking a significant step in Adediran’s bid to contest for the state’s top office.
According to the statement, the move underscores Adediran’s commitment to due process and strict adherence to the party’s internal democratic procedures.
The governorship aspirant also reiterated his alignment with the party’s decision to adopt direct primaries for all elective positions, expressing optimism that the process would enhance grassroots participation, strengthen unity within the party, and promote inclusiveness in the emergence of candidates.
Jandor further reaffirmed his loyalty to the National Leader of the APC and President of Nigeria, Bola Ahmed Tinubu, while also paying tribute to party leaders in Lagos State for their continued guidance and commitment to progressive ideals.
He also extended gratitude to members of the JAGABAN–JANDOR 2027 Movement, young Lagosians, and supporters who contributed financially towards the purchase of the nomination forms, commending their dedication and belief in his leadership capacity.
Jandor assured party members and residents of Lagos State that his governorship ambition is rooted in unity, inclusiveness, and a commitment to sustaining and advancing good governance under the APC platform.
All Progressives Congress (APC) governorship aspirant in Lagos State, Samuel Ajose, has declared that the endorsement of Deputy Governor Obafemi Hamzat as the next governor by Governor Babajide Sanwo-Olu and the Governance Advisory Council (GAC) will not stand.
GAC, regarded as the highest decision-making body of the All Progressives Congress in Lagos State, endorsed Hamzat, as its consensus candidate for the 2027 governorship election.
The decision was reached during a closed-door meeting held at Lagos House, Marina, indicating an early alignment within the ruling party ahead of the next electoral cycle.
Speaking after the session, GAC leader, Tajudeen Olusi, said members unanimously agreed on Hamzat, expressing confidence in his ability to sustain and build on the state’s developmental progress.
Olusi explained that the meeting was convened to deliberate on the party’s forthcoming primaries and assess the governorship position ahead of the 2027 elections.
Speaking about the GAC adoption of Hamzat as Lagos APC consensus 2027 governorship candidate on Arise News on Tuesday, Ajose said that Sanwo-Olu and others are trying to force President Tinubu into making a decision.
“I don’t think our president, Asiwaju Bola Ahmed Tinubu, is giving in to what they are doing.
“What they are just trying to do is to coerce him into taking a decision, and I don’t think that decision will stand.”
The House of Representatives has approved President Bola Tinubu’s request to borrow Five Hundred and Sixteen Million, Three Hundred and Thirty-three Thousand, seven ($516,333,007) US dollars in syndicated financing from Deutsche Bank AG.
The House approved it during the plenary on Tuesday in Abuja after the presentation of a report by the deputy chairman of the House Committee on Aids, Loans, and Debts Management, Abdullahi Rasheed.
The money is expected to fund the construction of sections of the Sokoto–Badagry Super Highway.
President Tinubu wrote to the lawmakers, seeking a $516.3 million loan from Deutsche Bank to support the construction of the road.
The president said the loan, to be sourced from a syndicated financing facility by Deutsche Bank, will fund sections 1, 1A, and 1B of the project, which covers about 120 kilometres.
Tinubu requested a resolution in line with Sections 16 and 21 of the Debt Management Office (Establishment) Act, 2011, to enable the federal government to secure the financing for Sections 1, Phase 1A, and Phase 1B of the project.
The project is a flagship initiative of Tinubu’s Renewed Hope Agenda and is targeted at enhancing national connectivity, improving the movement of goods across key economic corridors, and drastically shrinking travel time.
The 1,000-kilometre project will link Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, connecting Illela to Badagry.
According to him, the financing arrangement will be backed by a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
He said the Federal government will provide counterpart funding of over N265 billion for land acquisition, compensation, and related infrastructure.
The former Lagos governor said the loan is structured for nine years and includes a three-year grace period.
It has an interest rate pegged at the Chicago Mercantile Exchange SOFR plus 5.3 per cent per annum.
Already, the Federal Executive Council has approved the financing plan.
