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CBN To Business Day: You Lied 

CBN Governor, Godwin Emefiele

The Central Bank of Nigeria (CBN) has described as falsehood the BusinessDay newspaper story of June 17 with headline: “CBN’s life support to FG rises 780% to N8.12 trn in 4yrs.”

In a statement today, June 19, the apex bank emphasized that the story is not only false, but an attempt, through sheer mischief, to distort and misrepresent it’s financial operations and also to misinform the investing public on the financial health of our country.

“In order to arrive at their plot, the authors of the Business Day story had conveniently restricted their report only to CBN’s claims on the Federal Government while ignoring other numerous deposits of the Federal Government, including those of the Treasury Single Account (TSA), with the CBN,.

“As can be clearly deduced by any unbiased and informed analyst, when the claims of the FG on CBN are netted against the claims of the CBN on the FG, the resulting net positions indicate that the FG was actually the net creditor to CBN in 2014, 2015 and 2017 to the tune of N2.14 trillion, N1.65 trillion and N0.36 trillion, respectively. On the other hand, CBN was the net creditor to the FG in 2016 and 2018 to the tune of N0.11 trillion and N0.34 trillion, respectively.

“From the foregoing and the detailed database, it is clearly inappropriate to compare the position as at end-2018 with the position as at end-2014, ignoring the movements within the period.

“We wish therefore to reassure the investing community and the general public that the CBN remains faithful to its statutory mandate as banker and financial adviser to the Federal Government.”

Second Term: Kogi Traditional Rulers Storm Aso Rock To Beg Buhari To Support Yahaya Bello

Traditional rulers from Kogi State, led by the Attah of Igala, Dr. Michael Idakwo Ameh Oboni, have begged President Muhammadu Buhari to support Governor Yahaya Bello of the State in his bid for a second term of four more years in office.
The royal fathers who stormed the Presidential Villa, Abuja, today, June 19, told news men after a closed door meeting with the president: “we had to reintroduced our governor to the president. Some people in the social media are already saying we are playing politics: we are not playing politics. We are being realistic. When you are realistic you say things as they are.
“We came to reintroduced our governor to the president and demanded for normal support since they belong to the same party. The issue of endorsement is here. The people at home have already endorsed his excellency, Alhaji Yahaya Bello for second term, so we don’t need to re-endorsed him in Abuja here. All we needed to do was to re-present him to the President and Commander in Chief of the armed forces of Nigeria. So we are very happy that Mr.
President received us very well and the traditional rulers have reconfirmed their support for both the federal and state governments.
“And we are happy to announce too because our governor announced it here, that the last tranche of bailout of fund of about N30.8 billion has been approved. So the issue of salary arrears, allowances and pensions will be put to rest by His grace before the elections.
“So we are confident that we are going to have good deals with this federal government and by the grace of God, since we are supporting Mr. President, it is natural and normal for him to lay us back in the right coins. So we are happy to announce to our people at home that Mr. President has promised to treat us very well.”
Speaking to news men also, Governor Yahaya Bello swore that he was not the one that led the royal fathers to the President, but “the Attah Igala, His Royal Majesty, Dr. Michael Idakwo Ameh Oboni, the President of Kogi State Council of Chiefs.
“I am just a messenger who took the message to Mr. President to secure this appointment and as their son, I just needed to accompany them on this visit. As earlier stated, Mr. President in his usual manner of receiving everybody, gave us very warm reception and appreciated what we are doing in Kogi State.”

Buhari Hails Re-Election Of Rev. Samson Ayokunle As CAN President

CAN President, Dr. Samson Supo-Ayokunle

President Muhammadu Buhari has congratulated Rev. Dr. Samson Olasupo Ayokunle on his re-election as President of the Christian Association of Nigeria (CAN).

The President commended church leaders and Christendom in general for the successful election, even as he gave assurance to CAN that his government will continue to strengthen the cordial relationship that has existed, especially in tackling the challenges facing Nigeria.

He recalled his meetings with Rev. Ayokunle, who is also the President of the Nigerian Baptist Convention, and expressed his belief that the cleric’s maturity, humility and wise counsels to governments will go a long way in healing and putting the country on the right track for development.

President Buhari prayed to God to grant the leadership of CAN more wisdom and strength in running the affairs of the association.

Meanwhile, the World Bishops’ Council (WBC), Africa has advised the new CAN President to work with all stakeholders in securing all Christians in the country.

In a statement issued today, June 18, the WBC Directorate of Information further advised Johnson Ayokunle to ensure that there is peace, unity and harmony among the five blocks that formed CAN.

“By securing your reelection, it shows that your leadership fared well during your first term in spite of several controversies ranging from allegations of financial impropriety, bickering with Christian elders and politicization of CAN among others.

“We urge you to put all these negative issues behind you, focus your attention on how to expand and defend the Christian community in Nigeria, put up good programmes that will uplift the name of Jesus Christ our Lord and above all settle all matters with individuals and groups who differed from your views.

“It is certain that these are trying periods for Christians in Nigeria but be assured of the support of WBC, World Federation of Churches (WFC) and World Clergies Congress (WCC) at all time.”

APC Governors Converge On Aso Rock To See Buhari

The All Progressives Congress (APC) Governors’ Forum converged on Aso Rock Presidential Villa, Abuja today, June 18, to hold a meeting with President Muhammadu Buhari.

Cholera Outbreak Kills One With 76 Hospitalized In Adamawa

Adamawa State Government has announced the outbreak of cholera in three Local Government Areas (LGAs) of the state, resulting in the death of one person with 76 others hospitalized cases since the outbreak of cholera.

Information Officer of the State Ministry of Health, Abubakar Mohammed, who made the announcement today, June 18 in a statement in Yola, the state capital, said the outbreak in Yola North, Yola South and Girei Local Government Areas.

The statement reads in part: “The Epidemiological unit of the ministry received the report on acute watery diarrhoea and vomiting on 12th May 2019, samples collected and tested using both Rapid Diagnostic Test (RDT) and cultured results from reference laboratory yielded positive.

“As of today Tuesday the 18th of June 2019, a total of 76 cases were recorded with one death, giving a case fatality rate (CFR) of 1.3%.

“Yola North reported 44 cases with 1 death (CFR= 2.3%); Yola South has 1 case with no death (CFR = 0%); and Girei recorded 31 cases with no death (CFR=0%).

”A 24-hour ambulance services and toll-free lines were made operational to ease the movement of suspected cases from the communities to the health facilities. Mass media campaigns in radio and TV will commence sensitizing the general public on cholera prevention and control measures and good hygiene promotion practices.

“General public is hereby encouraged to report any suspected case immediately to the nearest health facility or Call the following toll free lines 08031230359, 07080601139 for a prompt response. All calls made to the lines are free of charge.”

UN Declares Hate Speech “Malicious Act” That Must Be Condemned Unconditionally

United Nations (UN) has declared in New York that hate speech is one of the malicious acts which must be condemned unconditionally.

The UN Secretary-General, António Guterres, who spoke today, June 18 when he launched ‘UN Strategy and Plan of Action on Hate Speech’ at the UN headquarters, stressed that war is being declared on hate speech, saying: “hate speech must be treated, like any other malicious act: by condemning it unconditionally; refusing to amplify it; countering it with the truth; and encouraging the perpetrators to change their behavior.”

Guterres said that hate speech might have “gained a foothold, but it is now on notice.”

He told member states: “we all need to do better at looking out for each other. The world will never stop confronting the menace.”

The UN chief attributed hate speech to the genocide in Rwanda, Bosnia, Cambodia and recent mass-violence directed at places of worship in Sri Lanka, New Zealand and the United States.

According to him, while the strategy and action plan is new, it is also rooted in the need to respect the human rights of all, barring any discrimination.

Guterres said that the UN Charter came into being after the world had witnessed genocide on an industrial scale, when hate speech against Jews, culminated in the Holocaust.

“Almost 75 years on, we are in danger of forgetting this lesson.

“Around the world, we see a groundswell of xenophobia, racism and intolerance, violent misogyny, anti-Semitism and anti-Muslim hatred.

“In some places, Christian communities are also being systematically attacked.

“Hateful and destructive views are amplified exponentially through digital technology, and extremists are gathering online, radicalising new recruits.

“In both liberal democracies and authoritarian regimes, some political leaders are bringing the hate-fuelled ideas and language of these groups into the mainstream, normalising them, coarsening the public discourse and weakening the social fabric.

“Hate speech not only attacks human rights norms and principles, it also undermines social cohesion, erodes shared values and lays the foundation for violence.

“This sets back the cause of peace, stability, sustainable development and the fulfilment of human rights for all.”
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Guterres explained that the UN Strategy and Plan of Action provided a system-wide programme with the overriding objective of identifying, preventing and confronting hate speech.

The plan, according to him, targets the root causes of hate speech, in line with his prevention vision, which includes tackling violence, marginalisation, discrimination and poverty, as well as strengthening weak state institutions.
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“While digital technology has provided new areas for hate speech to thrive,’’ the UN chief maintained that it can also help to monitor activity, target our response and build support for counter-narratives.

“Addressing hate speech should never be confused with suppressing freedom of expression but instead keep it from escalating into something more dangerous, particularly incitement to discrimination, hostility and violence.”

CBN Again, Injects $210 Million Into Forex Market

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market.

Figures obtained from the CBN today, June 18, indicated that authorized dealers in the wholesale segment of the market were offered the sum of $100million, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million.

The sum of $55 million was allocated to customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others.

The Director in the Corporate Communications Department of the apex bank, Isaac Okorafor said that the effort of the bank has continued to stabilize the foreign exchange market, adding that such effort has sustained the level of confidence investors and the public had in the Naira.

It will be recalled that at the last intervention on June 14, the bank injected the sum of $256.4 million and CNY37.4 million into the Retail Secondary Market Intervention Sales (SMIS) segment.

Meanwhile, the Naira exchanged at an average of N362/$1 in the BDC segment of the market today.

2 US Election Monitoring Bodies Thumb Down 2019 Polls, Presidency Disagrees

Electoral commission officers and voters discuss while votes are counted at Shagari Primary School polling station in Yola, Adamawa State on February 23, 2019 | PHOTO: AFP

Two United States election Institutes that monitored the 2019 elections in Nigeria, the National Democratic Institute (NDI) and the International Republican Institute (IRI), have said that the polls did not meet the expectations of Nigerians.

But, the Presidency insisted that despite some minor lapses that are not common only to Nigeria, the elections were legitimately won and lost.

In their Joint report released today, June 18, the institutes said that 2019 general elections were marred by irregularities such as intimidation of voters and electoral officials, vote-buying, and election-related violence.

The report condemned the suspension of the former Chief Justice of Nigeria, Walter Onnoghen, ahead of the election, basing its condemnation on the fact that the judiciary plays a crucial role in post election matters.

The joint report said: “although many new political parties nominated candidates for the 2019 elections, the polls were largely a contest between the incumbent All Progressive Congress (APC) and the People’s Democratic Party (PDP). The APC hoped to renew the mandate of President Muhammadu Buhari and consolidate its majority in the National Assembly and of governorship. However, the party faced internal wranglings and defections of some key figures in the months to polls.

“The PDP fielded former Vice President Atiku Abubakar as its standard bearer and, entering the process for the first time as an opposition party, challenged the APC record, claiming the ruling party had not kept its campaign promises to fight corruption, improve security and boost the economy.

“But the IRI/NDI observation mission concluded that the 2019 elections did not meet the expectations of many Nigerians.”

On security and election related violence, the report said: “ahead of the 2019 polls, the poor security situation in Nigeria, mainly attributed to Boko Haram’s resurgence in the North East, inter-communal violence in the Middle Belt and widespread crime and banditry, raised concerns about the safety of voters and candidates.

“Increased politically motivated violence and conflict in the pre-election period was also a concern, especially around political party primaries in some areas and with some alleged POW!

“To many Nigerians, the 2019 elections – the sixth since the country’s 1999 transition back to civilian democratic rule -were an opportunity to consolidate democratic gains and build on sound electoral practices. Significant improvements in the administration of the 2011 and 2015 elections boosted expectations the 2019 electoral process. Moreover, Nigeria’s first peaceful transfer of power between political parties following the 2015 elections underscored for Nigerians that credible elections matter.”

The joint report said that the last-minute postponement of the presidential and National Assembly elections on Feb. 16 showed that INEC had underestimated challenges associated with the administration of the elections.

“The commission did not communicate sufficiently with political parties and the public about election preparations. Such a late postponement likely depressed voter turnout and created confusion about the duration of candidate and party. Most significantly, the delay also undermined public confidence in INEC.”

Reacting to the report in a statement by the senior special assistant to President Muhammadu Buhari on media and publicity, Malam Garba Shehu, the Presidency insisted that Buhair “clearly won this vote and the report in no way disputes that fundamental fact.

“President Buhari won by almost 4 million majority, with a 14% margin.”

The Presidency said that the most important thing in an election is that it reflects the will of the people which in Nigeria’s circumstances was acknowledged to have been a success by ECOWAS Observer Mission and YIAGA AFRICA whose parallel vote tabulation verified INEC’s presidential election result as announced. “This we achieved.

“We have developed a tradition of improvements in our electoral process through enforcement of our electoral law which resulted in the prosecution and conviction of electoral officers that were found wanting in compromising our electoral process.

“We, however, agree notwithstanding, that there are improvements that must be made in the process for the future. “The sheer size, terrain and remoteness of certain regions do pose serious logistical challenges.

“They also pose a problem for electoral observers: across a country of over 190 million, only 40 observers were deployed to observe just 16 states + the Federal Capital Territory (Nigeria has 36 states).

“It was unfortunate that the election was postponed yet imagine if the Independent National Electoral Commission (INEC) had gone ahead unprepared. The delay undoubtedly resulted in a lower turnout.

“Because they are registered to vote in their place of birth, and not where they live, many Nigerians could not make arrangements to travel back again.

“But the fact still remains that major democracies of the world have equally recorded worst turnout in modern history.

“The effect of voter turnout, at any rate, is a two-way traffic that affected both sides equally.

“To pretend otherwise is wrong considering that in 2015, the INEC postponed the election by six weeks under a PDP President, whom – as an incumbent – it was said to help at the time. It didn’t make a difference. Similarly, neither did it aid the sitting President in 2019.

“It is amazing that the electoral observers recommended that electoral laws are enforced, and perpetrators of crimes punished and at the same time implicitly criticise the removal of the Chief Justice of Nigeria for failing to disclose his assets as required by law. Which would they prefer?

“The law is a matter of principle that takes its course regardless of time and circumstances. It is never a matter of convenience and indeed remains functional, operational and enforceable without due regard to the electioneering process.

“As we have already said, we are committed to reviewing our electoral laws and processes, like every democracy across the world should.

“We intend to build on the innovations of this election that facilitate inclusiveness and participation, such as providing braille for blind people to cast their votes among other innovations.

“This election was won by the candidate who received the most votes. We value the report’s recommendations. We can assure they shall be assessed and evaluated.”

Polytechnics Rectors To Serve One Term Of 5 Years, In A Bill Signed By Buhari 

President Muhammadu Buhari

President Muhammmadu Buhari has signed the Federal Polytechnic amendments Bill in which the tenure of Rectors have been consolidated to a single term of five years.

Another bill which the President signed along with that of the Federal Polytechnic was the one on the National Institute for Security.

Briefing news men today, June 18 at the Presidential Villa, Abuja, on the two bills, the Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Umar Yakubu said that the Federal Polytechnic amendment bill seeks to amend the Federal Polytechnic Act cap 17 of the laws of the Federation of Nigeria, 2004, according to

The new amendment seek to harmonize the tenure of the Rectors of the Federal Polytechnics, retirement age of the staff of the Polytechnics, as well as the establishment of the Governing Council for the Polytechnics and membership of the Council.

According to the new law, membership of the Councils will be a five man Council and will be Chaired by a Chairman.

The law also provides that such membership must be a reflection of the Federal Character and that each Polytechnics Council under the new law must have a female member as well as a person representing the area where the Polytechnics is located.

The new law also provides that each Rector is expected to serve a single term of five years. This means that where anyone is currently appointed to serve for four years, the tenure shall be extended one year to make up five years.

Umar Yakubu said that the new law on the National Institute of Security Studies seeks to establish the institute with the view to ensuring that both the middle and senior managers in the Security sector have their competences built and that they will be trained to build their capacity

The Bill also establishes standards for agency relationships, with the views to harmonizing their relationships for efficient and harmonious relationships amongst the inter agencies locally and globally.

“It will also serve as a critical research institute for policy initiators and implementors with the view to ensuring that we have competent people managing the nation’s security and for global peace and stability.”

I Can’t Insult Buhari, Because He’s Old Enough To Be My Father – Apostle Johnson

Apostle Johnson Suleman

The founder of Omega Fire Ministries, Apostle Johnson Suleman has said that he cannot insult President Muhammadu Buhari under whatever condition because he is old enough to be his father, even as he condemned those use abusive words on him over the recent killings in parts of the country.

Apostle Johnson Suleman, in his official Twitter page today, June 18, said that his heart aches whenever he sees Nigerian youths insulting Buhari, saying that he can only condemn the hardship and killings in government but not to insult Buhari.

“I have voiced my opinions against the incessant killings and hardship in government but I have never insulted Buhari.

“He is old enough to be my father; when I see youths insulting elders on social media, my heart aches. If you have no home training, privatize it.”

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