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1. We’ll steer Nigeria away from recession, says The Central Bank of Nigeria (CBN)
The Central Bank of Nigeria on Wednesday said it would not be deterred in its effort to steer the Nigerian economy away from the looming recession due to the impact of COVID-19.
It said this was in spite of the push by some vested interests to impugn the integrity of the bank.
The Bank’s Director, Corporate Communications Department, Isaac Okorafor, said the bank had uncovered sinister plans by some persons in Nigeria’s economic and socio-political space to distract the CBN.
He said such persons want to discredit the institution through deliberate misinformation, complete fabrications and outright lies.
He, however, noted that the CBN Governor, Godwin Emefiele, and his team at the bank would not be deterred by the actions of such persons.
Okoroafor said the bank, in pursuit of its mandate enshrined in the CBN Act 2007, as Amended, would continue to strive to ensure accretion to the external reserves to safeguard the international value of the naira.
He added that it would continue to ensure that no individual or institution circumvents the system.
According to Okorafor, the naira, in the past three years, had remained stable against other world currencies, due to strict measures put in place by the CBN to check cases of round-tripping.
He said the bank, working with other relevant agencies of government, had equally curtailed the activities of economic saboteurs neck-deep in smuggling and other economic crimes.
He noted that those opposed to the policies of the CBN would not relent in their effort to undermine the bank, but stressed that the bank remained resolute to the dictates of its enabling Act.
The CBN spokesperson said the bank would not be distracted by subjective criticisms from persons who do not mean well for the general good of the Nigerian people and the economy.
2. Ondo State House of Assembly denies plot to remove deputy gov
The Ondo State House of Assembly on Wednesday denied the allegation that its members were induced to remove the deputy governor, Mr Agboola Ajayi.
Following the rift between him and Governor Rotimi Akeredolu, the embattled deputy governor had alleged that Akeredolu had been wanted to remove him from office, by bribing the lawmakers to begin the process
Reacting on the allegations, the Chairman, House Committee on Information, Mr Gbenga Omole, described the deputy governor’s allegation as a falsehood.
He said, “This allegation smacks of naivety on the part of the deputy governor and intended to cast aspersions on the noble image of members and drag the integrity of the House in the mud.
“It is on this premise that we, honourable, members of the Ondo State House of Assembly state unequivocally that this is nothing but a blatant lie and politics taken too far, least expected of the caliber of the deputy governor of the Sunshine State. But we are not surprised because he is a drowning man and he will hold on to anything to survive.
“As lawmakers and elected representatives of the people, we are aware of efforts by Governor Akeredolu to reposition the state and make it enviable among her equals across the country even in the face of obvious dwindling resources.
“Much as we are not ready to trade words with anyone, we are adequately aware of our constitutional rights and would never hesitate to exercise the same when the occasion demands it. We do not need any inducement of whatever kind from any quarters to exercise our constitutional responsibilities as elected representatives of the people.”
He submitted that the lawmakers would continue to make a good representation of their respective constituencies.
3. Vice President Yemi Osinbajo postpones economic council meeting, as APC holds NEC
Vice-President Yemi Osinbajo has postponed a virtual meeting of the National Economic Council earlier scheduled for Thursday.
The NEC, chaired by the vice-president, has all state governors and a few relevant ministers as members.
The Permanent Secretary/Secretary, NEC, Olusola Idowu, announced the postponement in a memo tagged “radio message” dated June 24, 2020, and addressed to all state governors.
The message was titled “Notice of postponement of the 105th (5th in 2020) meeting of the National Economic Council.”
It read, “The chairman of council, his Excellency, Prof Yemi Osinbajo, SAN, GCON, has directed that the NEC virtual meeting earlier scheduled for Thursday, June 25, 2020, has been postponed.
“A new date for the meeting will be communicated to you.
“Any inconvenience this postponement might have caused is highly regrettable.
“Please accept, Your Excellency, the assurances of my best regards.”
Although the notice did not state the reason for the postponement, it may be connected with the virtual meeting of the National Executive Council of the ruling All Progressives Congress also slated for Thursday.
All state governors elected on the platform of the APC are members of its NEC and are expected at the meeting convened by Victor Giadom who the President, Major General Muhammadu Buhari (retd.), said he is recognising as the acting chairman of the party based on the law.
Buhari, who spoke through his Senior Special Assistant on Media and Publicity, Garba Shehu, had said state governors and leaders of the National Assembly would hopefully attend the Giadom’s meeting with him.
4. Giadom: Retire from politics, Femi Fani-Kayode tells Bola Tinubu
A former Minister of Aviation, Chief Femi Fani-Kayode, says All Progressives Congress stalwart, Bola Tinubu, has been retired from politics and thrown under the bus by the President, Major General Muhammadu Buhari (retd.).
Fani-Kayode said this while reacting to the decision of the President to recognise Victor Giadom as the acting Chairman of the APC.
The former minister said the decision of the Court of Appeal to uphold the suspension of the National Chairman of the APC, Adams Oshiomhole, showed that it was all over for Tinubu.
He wrote on his Facebook wall, “First, Oshiomhole was kicked out by the Court of Appeal. Then his preferred replacement, Abiola Ajimobi, falls into a coma. Then his archrival, Giadom is recognised by Buhari as acting national chairman.
“Conclusion: It is over for Tinubu. He has been thrown under the bus and retired from politics.”
Tinubu, who is one of Oshiomhole’s biggest supporters, is believed to be nursing a Presidential ambition ahead of 2023.