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Tinubu Advises CBN on Naira Redesign Policy

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The All Progressives Congress presidential candidate, Bola Tinubu, has advised the Central Bank of Nigeria on ways to bring succour to Nigeria over the naira redesign policy.

In a statement on Sunday, the former Lagos State governor said it was important for the apex bank to restore hope in the country by implementing workable steps to ease the accompanied woes of the policy.

The APC presidential flag bearer, who suggested six ways the CBN could adopt to douse the tension, said it was important for the apex bank to work on a template that could ease the pain being experienced by Nigerians.

To bring immediate relief to Nigerians, Tinubu urged the CBN to consider the following measures:

1. Following the advice of the Council of State, the CBN should announce that the old and new naira notes (especially the non-withdrawn notes and coins) will co-exist as legal tender for the next 12 months to follow examples of countries that have successfully implemented similar monetary policy. This will immediately remove growing tension in the country, eliminate panic reactions by the populace and allow time to scale up infrastructural gaps around alternative payment options to cash.

2. We advise the immediate suspension of associated charges on online transactions and bank transfers and payments via POS until the current crisis is fully resolved. This cost should be considered a roll-out expense by the CBN to incentivise the envisaged shift to alternative transaction channels; for both the financial services consuming public and those in charge of implementing the scale-up programme.

3. Mobilise all Money Deposit Banks, Payment platforms to show clear commitment and timelines on expanding their infrastructure and support services.

4. Bring in Fintech companies with capabilities into currency swap programme for the next 90 days to help decongest banking halls and ATM points where people line up for hours.

5. The Central Bank and other relevant MDA’s should form an Inter-Agency Action Committee for immediate oversight over the cash supply gaps from the Nigerian Security and Minting Company and deal with issues around capabilities and turn around time to meet the needs of the informal sector and unbanked people.

6. The CBN, National Orientation Agency and Ministry of Information, State and Local Governments with their relevant organs in both the public and private sectors should commence a major public enlightenment and sensitisation campaign to further educate and empower our people on the new naira and cashless policy for better understanding and mainstream adoption.

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2025: Again, Kenyan, Ethiopian Athletes Win Lagos City Marathon

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The 2025 edition of the annual 42km 2024 Access Bank Lagos City Marathon has been once again dominated by East African runners from Kenya and Ethiopia.

Kenya’s Edwin Kibet on Saturday emerged winner in the men category, clocking a time of 2:14:06 to win the $50,000 price money.

Kibet came third last year behind his compatriot Bernard Sang who won it with a time of 02:16:49 and another Kenyan Cheprot who came second.

It is Kibet’s second win in the competition following his first victory in the 2023 edition.

In the women’s category, Ethiopia’s Guta Meseret Hirpa emerged victorious clocking a time of 2:37:04 for her first win in the competition.

First Nigerian to finish the race, Nyango Gyang Boyi, made history by finishing in the to 10 positions.

He finished the race in 8th place, clocking a time 2:25:41.58 which will earn him a prize award of $4,000. As the first Nigerian to finish the race, Boyi also won the N2million top prize in the Nigerian category.

The governor of Lagos State, Babajide Sanwo-Olu, was also one of the participants in this year’s Lagos City Marathon.

The 42km race commenced at Western Avenue, in front of the National Stadium Surulere, and finished in front of Eko Atlantic City, Victoria Island.

This year’s edition of Access Bank Lagos City Marathon had thousands of runners competing for the top prize.

The annual event was to a gold label by the World Athletics in 2023 less than eight years after its first edition.

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CDS Visa Denial: No Comments, Canadian Embassy Declares

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The Canadian High Commission in Nigeria has refused to make further comments on circumstances surrounding the denial of visas to some senior Nigerian military officials, including the Chief of Defence Staff, General Christopher Musa, citing privacy policies.

The Authorities however, acknowledged social media reports of the situation.

Musa and some military officials were denied visas to attend an event in Canada honouring war veterans, a situation the CDS revealed during an event in Abuja on Thursday.

Responding on Friday, via its social media handle, the Canadian High Commission stated, “The High Commission of Canada in Nigeria is aware of media reports related to planned travel by senior officials. However, for privacy reasons, we are unable to comment on the status of visa applications of specific individuals.”

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PDP Crisis Deepens As Anyanwu Defies Party, Court, Resumes As Secretary

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The embattled National Secretary of the Peoples Democratic Party (PDP), Senator Samuel Anyanwu, has defied the directive of the party’s National Working Committee (NWC) amid the ongoing contention for his position.

Anyanwu, on Thursday, resumed at the PDP National Secretariat and continued his duties from his office, despite the position of the party’s NWC.

In a video call with Lere Olayinka, the spokesman of FCT Minister, Nyesom Wike, Anyanwu said: “As you can see, I’m in my office. These are my people and we are working.”

Showing Olayinka around during the call, Anyanwu said: “You can see them jumping over the fence, that was how I stayed in my office to catch them through the CCTV.”

The video was posted by Olayinka on his Whatsapp status on Thursday.

The battle over the position of PDP National Secretary started when Anyanwu left to contest for the Imo State governorship election.

Following his departure, the South-East caucus of PDP endorsed the party’s National Youth Leader, Sunday Ude-Okoye, as his replacement.

Anyanwu lost the election and attempted to force his way back as the PDP’s National Secretary, a move which was vehemently opposed by Ude-Okoye.

On December 20, 2024, an Appeal Court ruled in favour of Ude-Okoye as the PDP’s National Secretary.

On January 28, a fight broke out between Anyanwu’s supporters and Ude-Okoye at the PDP National Secretariat during the party’s Board of Trustees, BoT, meeting.

The PDP Governors Forum had affirmed Ude-Okoye as the authentic National Secretary while the party’s NWC also took the same stand.

Similarly, the party’s National Legal Adviser, Kamaldeen Ajibade also backed Ude-Okoye for the position.

On Thursday, the NWC affirmed Ude-Okoye as the party’s National Secretary.

The development was disclosed in a statement issued by the party’s National Publicity Secretary, Debo Ologunagba.

The statement reads: “After due consideration of the Memo and the attachments, the NWC overwhelmingly recognizes, acknowledges and confirms Rt. Hon. S.K.E Udeh Okoye as the substantive National Secretary of the PDP in full compliance with and obedience to the Judgement of the Court of Appeal, recognizing that there is no subsisting or superseding Judgment or Order from any Court of superior authority or hierarchy.”

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